At a recent bond sale, an issuer navigated the demands of investors with the needs of municipal borrowers looking to finance local infrastructure, including a new recycling facility.
Scott Bessent is a hedge fund manager who investors believe will balance Trump’s economic promises with fiscal reality as treasury secretary.
The yield on the 10-year Treasury briefly hit 5%, the highest level since 2007. A resilient economy and expanding debt are pushing rates up.
The yield on the 10-year Treasury note surged to its highest level in three months this morning.
