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Climbing 10-year Treasury yield signals costlier future for buying, borrowing

Aug 18, 2023
If the Federal Reserve needs to keep interest rates higher to continue battling inflation, 10-year yields will have to compete.
The Treasury Department is issuing a lot of bonds to pay for recent government spending. Above, a statue of Alexander Hamilton outside the agency's offices.
Chip Somodevilla/Getty Images

How the debt ceiling fight puts the indispensable U.S. Treasurys market at risk

May 26, 2023
The $24 trillion Treasury bond market plays an important role in the global financial system. Is there any viable alternative?
"U.S. Treasurys are the safest asset anywhere, even in the case of default," says Yesha Yadav from Vanderbilt. This is why essentially the entire global financial system buys U.S. government debt whenever there's a panic.
Mandel Ngan/AFP via Getty Images

Debt ceiling fears push financial institutions to sell Treasuries

Oct 11, 2013
Some financial institutions, worried they might not get their money back if the Treasury defaults on its debt, are selling their short term government debt. This presents risks to the financial system and to the economy.

What's a floating-rate note and how does it work?

Aug 6, 2012
The Treasury Department is planning to roll out a floating-rate note program in about a year. But what is a floating-rate note and why do we need one? Sr. Producer Paddy Hirsch explains with a boat analogy.
The Treasury Department is planning to roll out a floating-rate note program in about a year. But what is a floating-rate note and why do we need one? Sr. Producer Paddy Hirsch explains.
Marketplace

Explaining the Fed's 'Operation Twist' with diamonds

Jun 26, 2012
The Federal Reserve's most recent policy move is simply a way of driving down interest rates. But how does it work? Sr. Producer Paddy Hirsch explains Operation Twist with a simple analogy.
The Federal Reserve's most recent policy move is simply a way of driving down interest rates. But how does it work? Sr. Producer Paddy Hirsch explains Operation Twist with a simple analogy.
Karen Bleier/AFP/Getty Images

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Who are the biggest holders of U.S. debt?

Jun 4, 2012
There's always talk that foreigners -- China, especially -- hold all of our debt, but that isn't true.

What are we talking about?

Oct 15, 2008
When you hear us warning that the credit market shows signs of severe stress, what's the index to watch? There's no easy answer. There's a...