Reported about 9 hours ago
The bond market is showing troubling signs as Treasury yields surge amid fears of a looming US debt crisis, with the 30-year yield hitting levels not seen since 2007. Experts warn that rising interest rates reflect increased demands from investors to mitigate growing fiscal risks, exacerbated by a newly proposed tax bill projected to increase the national debt by $4 trillion over the next decade without immediate spending cuts. Additionally, concerns over global market dynamics, including a fiscal crisis in Japan, add to the uncertainty as Wall Street braces for potential fallout.
Source: YAHOO