Yield at 20-year U.S. Treasury auction hits record high; 10-year U.S. Treasury yield reaches 20-year high
On Tuesday, the U.S. Treasury auctioned $13 billion of 20-year Treasury bonds, with the winning yield reaching 5.420%, up 21.6 basis points from the previous auction of the same maturity, which had a yield of 5.204%, marking a record high for this maturity. On the same day, the yield on the 10-year U.S. Treasury briefly climbed to 5.045%, hitting its highest level since 2007. Bessent stated that the rise in bond yields is a "global issue" and acknowledged that it also reflects factors such as "the need to address the deficit."
US Equity Indexes Drop as 10-Year Yield Hits 19-Year High, Crude Oil Prices Surge
(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes fell as the 10-year Treasury yield touched a 19-year high and crude oil extended gains, reflecting a
Hassett: Trump respects Volcker's decision; AI risks should be addressed by the private sector.
White House National Economic Council Director Hassett said on Tuesday that the Federal Reserve should not raise interest rates, but added that he and Trump "will respect whatever decision Walsh makes tomorrow." Hassett also stated that the risks posed by AI can be addressed by the private sector rather than through expanded government regulation, with the government retaining only the necessary oversight and enforcement functions.
20-year Treasury Auction Hits Record Yield as Foreign Demand Plunges
Bessent: Supports the plan to distribute $5,000 to U.S. citizens, and the U.S. Treasury bond buyback initiative has been successful.
① U.S. Treasury Secretary Bessent supports Trump's proposal: if the Republican Party retains majorities in both houses of Congress, it will issue $5,000 checks to each of approximately 270 million adult Americans; ② Bessent stated that the plan could be implemented without increasing the fiscal deficit, but did not disclose how the costs would be offset; he acknowledged that the rise in 10-year U.S. Treasury yields reflects the need to address the fiscal deficit, and noted that recent Treasury bond repurchase operations have been successful.
EXCLUSIVE: $100 Oil, 5% Yields Put Bitcoin ETFs on the Defensive — But XYO's Markus Levin Sees a Tactical Pullback, Not an Exit
Spot Bitcoin ETFs are facing a tougher test as the renewed U.S.-Iran conflict pushes oil above $100 a barrel and Treasury yields toward 5%, creating a more attractive alternative for institutional
Bank of America Fund Manager Survey: "Disorderly Bond Yield Rises" Has Replaced the "AI Bubble" as the Market's Biggest Concern
Bank of America's September Global Fund Manager Survey (FMS) shows that "disorderly bond yield increases" have, for the first time, surpassed the "AI bubble" to become the market's biggest tail risk, reflecting investors' deep-seated anxiety about the interest-rate outlook.
Express News | U.S. Treasury Secretary Bessent stated at a House hearing that keeping the federal budget deficit below 3% of GDP would allow us to begin repaying our debt, which is crucial for stabilizing the U.S. Treasury yield curve.
Interest expenditures surpass $1 trillion for the first time, putting Bessent’s "growth-driven debt reduction" vision to the test
Bessent hopes the U.S. economy will maintain growth of around 3% to ease debt pressures through "growth," but this approach is now being questioned by experts. Economists project that in 2027 and 2028, U.S. GDP growth will barely exceed 2%, net interest payments have already surpassed $1 trillion, and an aging population continues to weigh heavily on public finances. Experts point out that relying solely on growth will not be enough to curb debt expansion; the median forecast for the U.S. deficit-to-GDP ratio in 2028 remains as high as 6.4%.
U.S. Treasury yields breaking above 5% may be just the prologue, as Wall Street draws a "life-or-death" line for financial markets at 5.25%.
This week, the yield on the 10-year U.S. Treasury bond rose above 5%, triggering a sell-off in both U.S. stocks and bonds. However, analysts warn that a further climb to 5.25% could sharply increase market volatility.
Disorderly Yield Spike Is Now the Market's Biggest Tail Risk, BofA Highlights
U.S. Treasury yields surge past 5%! Bessent faces a major test tonight as markets question the "growth-led deleveraging" logic.
As U.S. Treasury yields surpass 5%, hitting a new high since 2007, Treasury Secretary Bessent's strategy of "using growth to eliminate debt" is now being put to the test by a confluence of historical realities, welfare spending, interest costs, and deficit targets.
US Stock Market Preview | Bessent to Appear at House Hearing at 22:00 Tonight, Markets Watch for New Signals on US Treasuries; Crypto-Related Stocks Fall in Pre-Market Trading as Senate Votes on CLARITY Act at 02:15; ASML Holding Rises Over 3% in Pre-Market as JPMorgan Forecasts Production of More Than 110 EUV Tools by 2028
The Pentagon has acknowledged a shortage of ammunition in the war against Iraq, with officials confirming that the Trump administration downplayed the issue; Lavrov: Russia is willing to reach a compromise on the Ukraine issue within its established position.
September FOMC countdown! Standard Chartered: Raising interest rates remains a "wrong policy choice"; the real test will come at Chairman Powell's press conference.
Standard Chartered believes that core inflation pressures may be overstated and that raising interest rates remains a "misguided policy choice": tariffs have added roughly 0.7 percentage points to the PCE, but their impact is expected to fade; headline‑excluding CPI has returned to its normal range, suggesting limited upward pressure on the consumer side. In July, only three voting members supported a rate hike, and current data are still insufficient to prompt additional committee members to shift their stance. A more prudent approach would be to wait for the tariff‑related shock and any revisions to the data to subside before reassessing the inflation trajectory.
Rate hikes are already priced in—what else should we watch for at this FOMC meeting?
Inflation and oil prices have pushed the probability of a rate hike to nearly 90 percent—how will Warsh respond to the White House's calls for lower interest rates?
Probability of No Rate Hike Is Extremely Low! JPMorgan: An Analysis of Five Scenarios for the Fed’s Decision
①The Federal Reserve will announce its interest-rate decision at 2:00 a.m. Beijing time on Thursday. Market participants currently widely expect Fed policymakers to raise the federal funds rate target range by 25 basis points, to 3.75%–4.00%; ②In response, Jay Barry, Global Head of Rates Strategy at JPMorgan, outlined five possible scenarios for the Fed this week in his latest research report…
Global bond markets are facing a "perfect storm": the yield on the 10-year U.S. Treasury has surged above 5%, hitting its highest level since 2007.
Behind the U.S. Treasury yield breaching 5% lies the combined impact of soaring oil prices, expanding government debt, and an AI‑related financing boom. JPMorgan warns that if yields rise to 5.25%, equity markets will "clearly struggle to absorb" the move. Market attention is focused on the Federal Reserve's decision Wednesday, with the probability of a rate hike now exceeding 90%; analysts expect the 10-year yield could climb further toward 5.5%.
Goldman Sachs Head of Hedge Fund Strategy: “Zero-Day Options” Suppress U.S. Equity Volatility; Technology and Energy Remain Top Picks
The S&P 500 has posted intraday volatility below 1% for 27 consecutive trading days, marking the longest stretch of low volatility since the pandemic began. Goldman Sachs warns that this "calm" is the result of a zero‑date options strategy forcibly locking in market pricing; once a catalyst emerges, the pent-up volatility will erupt all at once. Meanwhile, expectations of a September rate hike are rising, market sentiment has fallen to a year‑to‑date low, and risks to fiscal sustainability loom large—how much longer must this simmering pot keep boiling?
Is the U.S. stock market poised for another 2018‑style sell-off? Strategists warn that if the Federal Reserve raises interest rates, the S&P 500 could retreat by as much as 10%.
①Macro Risk Advisors LLC warns that the Federal Reserve's rate-hike cycle, which could begin this week, may trigger a 8% to 10% pullback in the S&P 500 and could lead to a second wave of declines in December. ②Dean Curnutt, the firm's founder and CEO, notes that the current market environment bears strong similarities to 2018, making a defensive stance the prudent approach at this juncture.
"New Fed Communicator": Waller Has "No Room for Retreat" on Rate Hike; Trump's "Trust" Faces Test
Nick Timiraos believes that, following the August CPI figure's stronger-than-expected reading, the likelihood of the Federal Reserve raising interest rates this week has surged, while Warsh's hawkish stance on inflation has left him with virtually "no room to retreat." With just seven weeks before the election, whether Warsh raises rates will directly test how long Trump's "trust" in him can endure. Previously, Warsh maintained a balance between the White House and the Fed through a strategy of "speaking less and avoiding provocation"; after this meeting, silence will no longer serve as a shield.