-- It’s been a tempestuous year for US Treasuries. The coming week will set the stage for how it ends.Israel Latest: Iranian Minister Warns US Over Support of Israel
It’s a crucial juncture for the bond market, where 10-year Treasury yields during the past week briefly surged above 5% for the first time since 2007 before pulling back down. Such moves have whipsawed investors, who are divided over whether yields will climb back up as the economy keeps going strong — or start sliding as high rates slow the economy.
Treasury Secretary Janet Yellen has dismissed speculation that yields are being pushed up by the need to finance the swelling deficit, which doubled to around $2 trillion in the fiscal year through September. But investors are skeptical, with some seeing it as a warning sign that the market will start extracting higher penalties for the nation’s fiscal profligacy.
Nov. 2: Challenger job cuts; unit labor costs; initial jobless claims; durable goods orders; capital goods ordersSam Bankman-Fried Takes Stand in Reminder of Crypto’s Epic FallTrump calls New York judge a ‘nut job’ for ruling requiring Ivanka to testify Oleg Tsaryov, 53, is a former Ukrainian lawmaker and was thought to be in line to lead a puppet government for Vladimir Putin in Kyiv.Former U.S. Attorney General Bill Barr knocked former President Trump’s verbal skills in Friday comments. “His verbal skills are limited,” Barr said at an event at The University of Chicago’s Institute of Politics.
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