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Your guide to what the second period of Trump means to Washington, business and the world
The US government’s bonds and contributions have long fell after the faded treasury auction confirmed the increasing concerns among investors regarding the leading tax law for President Donald Trump.
30 years old Cabinet The return increased by 0.11 Celsius to 5.096 percent in the afternoon trading, which is the highest level since late 2023, with a decrease in the price of bonds. A step on Wednesday is added to a multi -day height in long treasury bonds. The S& P 500 has decreased by 1.2 percent.
The new match for sale was a republican leadership in Congress Holding intensive talks To pay Trump’s tax legislation to vote in the House of Representatives. Independent analysts are expected to add that Trump’s proposal, which he called “a large and beautiful bill”, add at least 3 meters to the US debt during the next decade.
The increasing financial expectations caused the deepening fears between investors and paid last week Moody’s To strip the United States From the last three -dimensional credit rating from a major credit agency.
The investor tensions increased on Wednesday after the United States attracted a weak demand at a $ 16 billion auction for a 20 -year treasury. The main agents – banks that are committed to raising any bonds that other investors do not absorb – 16.9 percent of the offer, compared to an average of 15.1 percent, according to BMO Capital Markets.
“We had a 20 -year -old soft auction, and when it is integrated with a focus on the budget deficit, the market has a bias towards higher returns,” said Ian Linjin, head of the American interest rate strategy at BMO Capital Markets.
Bouja Kumra, a strategic expert at TD Securities, added, referring to the circles securities. “The markets have no appetite for the duration here.”
“Especially in the case of the United States, we expect all long auctions to be examined by the markets,” Kumra said.
One of the hedge fund managers, who asked not to name the Treasury, was described on Wednesday as “bad”.
In stock markets, more than nine out of 10 of the shares of the S&P 500 members per day. The financial sectors, real estate and health care were the worst performance of the index.
The commitment to retreat was a phrase IO for $ 6.4 billion. Openai’s acquisition of smartphones.
The news of the deal appeared almost the same as the results of the weak cabinet auction. Apple shares decreased by more than 2 percent, Amazon decreased by 1.1 percent, while NVIDIA and Microsoft fell about 0.9 percent. The nasdaq technology compound decreased by 0.9 percent in the afternoon trading.
The dollar index, which follows the US currency against a basket of their peers, decreased by 0.6 percent.
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