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Longer-dated U.S. Treasury yields jumped to their highest levels since November 2023 this week, with the 10-year bond hitting a high of 4.79%. It traded lower to 4.66% on Wednesday afternoon.
The anticipation comes after U.S. Treasury Secretary Scott Bessent said last week that President Donald Trump's administration was focused on containing 10-year Treasury yields, a building block ...
Sustained higher inflation could lead to lower bond prices if the Fed needs to raise interest rates to cool the economy and tamp down rising prices. But even if the Fed didn’t act immediately ...
The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.
The 2011 S&P downgrade was the first time the US federal government was given a rating below AAA. S&P had announced a negative outlook on the AAA rating in April 2011. The downgrade to AA+ occurred four days after the 112th United States Congress voted to raise the debt ceiling of the federal government by means of the Budget Control Act of 2011 on August 2, 2011.
Hundreds of thousands of Kansas and Missouri residents could be affected if Congress fails to raise the debt ceiling and the U.S. defaults on its financial obligations.
The Treasury has never reached the point of exhausting extraordinary measures, resulting in a default, although, on some occasions, it appeared that Congress might allow a default to take place. If this situation were to occur, it is unclear whether the Treasury would be able to prioritize debt payments to avoid a default on its bond obligations.
Federal regulators' shutdown of Silicon Valley Bank and Signature Bank triggered a flight to bond safety over the weekend. Treasury two-year yields dropped to their lowest level this year ...