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An alarmed bond market gets the Trump administration to act again
The move comes after the 10-year Treasury yield topped 4.70% and the 30-year yield rose above 5%, officials said.
- On Wednesday, the U.S. Treasury Department announced it will more than double bond buybacks, successfully pressuring the 10-year Treasury yield down from 4.70% to 4.65%.
- Yields surged recently as investors demanded higher interest to offset inflation, government deficits, and the Iran war, with the 30-year Treasury yield climbing well above 5%, levels unseen since 2007.
- Big Tech firms, known as Hyperscalers, compete with Treasurys for investors, pushing yields higher and increasing borrowing costs for companies financing AI data centers.
- Wall Street analysts currently forecast the Fed will keep benchmark rates steady at its September meeting as inflation data shows signs of slowing, while Fed Chair Kevin Warsh has signaled little about future policy.
- Bond market pressure historically shapes political decisions; investors influenced President Donald Trump to delay proposed tariffs last year, and markets now focus on Warsh's August 28 speech at Jackson Hole, Wyoming.
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11 Articles
11 Articles
Associated Press News+10 Reposted by 10 other sources
An alarmed bond market gets the Trump administration to act again
Normally quiet, the bond market can occasionally send warning signals loud enough to hit stock markets worldwide and even grab the attention of U.S. presidents and other world leaders.
·New York, United States
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Total News Sources11
Leaning Left5Leaning Right0Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 45%
C 55%
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