🚀 Treasury Yields Rise

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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.

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