High levels of U.S. debt and competition from tech companies issuing their own bonds are driving the high yields.
A selloff of Treasurys would hurt the U.S. economy. But it would hurt the Eurozone, too.
The downgrade of the country’s credit rating by Moody’s hurt investor confidence. So has trade policy, and ballooning federal debt.
Gold prices have been on a tear. This week, they hit an all time high of $3,500 an ounce.
The yield on the 10-year Treasury note reached a 16-year high Tuesday. That benchmark rate lifts interest rates on other loans.
Treasury’s website was overwhelmed as investors clamored for the inflation-adjusted savings bonds to lock in a 9.62% rate.
The government needs to plow out of a lot of debt from previous COVID-19 rescue packages and the potential $1.9 trillion in additional aid.
Two economists weigh in on what a Democrat-led Senate might mean for a stimulus package.
It could help the federal government deal with the debt mountain it’s amassing from COVID-19 spending.
For the first time, the central bank will buy corporate and municipal bonds to keep money flowing.
