Topline
Government bond yields touched their highest levels since mid-summer Wednesday as the bond market furthered its surprising move after the Federal Reserve’s rate cut last month – and the November election may put further pressure on bonds, as one billionaire investor issued a dire warning about the government’s financial future.
Billionaire Paul Tudor Jones is highly concerned about the climbing national debt ahead of the … [+]
Key Facts
Yields for the benchmark 10-year U.S. Treasury note rose to their highest level since July 25, hitting 4.26% in morning trading, while the 2-year government bond yield climbed to its highest level since Aug. 19 at 4.07%, according to CNBC data.
That caps a borderline stunning rise in bond yields after the Fed slashed its target federal funds rate by 0.5 percentage points Sept. 18, as Treasuries serve as a proxy for the market’s…
