🚀 Treasury Yields Rise

In partnership with

Start learning AI in 2025

Keeping up with AI is hard – we get it!

That’s why over 1M professionals read Superhuman AI to stay ahead.

• Get daily AI news, tools, and tutorials

• Learn new AI skills you can use at work in 3 mins a day

• Become 10X more productive

Sign up and start mastering AI

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Treasury yields spiked Wednesday as investor fears mounted over the GOP’s proposed tax bill, which could add trillions to the already $36 trillion U.S. deficit, triggering renewed selling in bonds and raising borrowing costs across the economy. The 30-year yield surged to 5.09%, while the 10-year hit 4.61% — levels that previously roiled markets and led President Trump to ease tariff threats. A weak 20-year bond auction fueled concerns about declining demand for U.S. debt, just as the government prepares to issue more to fund expanding deficits. Moody’s recent credit downgrade and warnings from Ray Dalio about the risks of debt monetization have only deepened market anxiety, pushing mortgage rates higher and sending home loan applications tumbling.

2. A Republican-led spending bill is intensifying fears over the U.S. fiscal outlook, sending Treasury yields soaring and rattling stock markets as Moody’s downgrades the U.S. credit rating. The proposed legislation, echoing Trump-era tax cuts without offsetting spending reductions, risks ballooning the already $36 trillion debt and pushing deficits toward 7% of GDP. Investors demand higher yields for long-term U.S. debt, reflecting growing skepticism about America's fiscal discipline amid global de-risking and inflation fears. With 10- and 30-year yields hitting multi-year highs and equities sinking under pressure from rising borrowing costs, analysts warn the U.S. could be entering a prolonged era of austerity and market volatility reminiscent of Europe’s debt crisis.

3. Jony Ive, Apple’s iconic former design chief, is teaming up with OpenAI in a $6.4 billion merger with his new hardware firm, io. This move signals a potential shift in the future of personal computing. Ive and other ex-Apple veterans will help design AI-powered devices that could challenge Apple’s dominance in the hardware space, especially as smart assistants evolve beyond smartphones and laptops. With Siri still lagging and OpenAI gaining momentum, analysts say Apple risks falling behind in the next tech wave. Though light on product details, the partnership sends a clear message: the age of AI-native hardware is coming, and Apple is no longer the only game in town.

4. Headlines

   1. 394,000 Windows computers were infected with the Lumma Stealer malware project. Microsoft has announced that the breaches have been secured.

   2. Nike will raise prices this week due to rising costs caused by tariffs.

Are you looking to grow your business? Here is how I can help: 

📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

You’ve never experienced business news like this

Morning Brew delivers business news the way busy professionals want it — quick, clear, and written like a human.

No jargon. No endless paragraphs. Just the day’s most important stories, with a dash of personality that makes them surprisingly fun to read.

No matter your industry, Morning Brew’s daily email keeps you up to speed on the news shaping your career and life—in a way you’ll actually enjoy.

Best part? It’s 100% free. Sign up in 15 seconds, and if you end up missing the long, drawn-out articles of traditional business media, you can always go back.

Check it out

Onwards and Upwards,

Liam Gill