Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.


Wall Street’s worries about a ballooning deficit that threatens America’s status as a safe haven were reflected in a $16 billion Treasury sale that saw lackluster demand - with stocks, bonds and the dollar falling.


Treasuries got hit after a weak auction of 20-year bonds, whose 5% coupon rate was the highest since the tenor was reintroduced in 2020. Long-term debt bore the brunt of the selling, with 30-year yields jumping over 10 basis points. The equity market saw its worst session in a month, with the S&P 500’s slide topping 1.5%.

The greenback dropped against most major currencies. Bitcoin pared its advance, but was still set for a record.


Traders have been piling into bets that long-term bond yields would surge on concerns over the US’s swelling debt and deficits, with Moody’s Ratings on Friday lowering the nation’s credit score below the top triple-A level. For many, the message was: Unless America gets its finances in order, the perceived risks of lending to the government will rise.


The White House amped up the pressure on Republicans on Wednesday urging lawmakers to quickly approve President Donald Trump’s signature tax bill, adding that a failure to do so would be the “ultimate betrayal.”

Today's show features:
Bloomberg News Rates Reporter Rates Reporter Michael Mackenzie
Sandy Villere, Portfolio Manager for Villere & Co.
Jenny Rooke, PhD, Founder and Managing Director of Genoa Ventures
MP Materials Co-Founder, Chairman and CEO Jim Litinsky with Bloomberg News metals and mining reporter Joe Deaux

Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.
 Wall Street&rsquo;s worries about a ballooning deficit that threatens America&rsquo;s status as a safe haven were reflected in a $16 billion&nbsp;Treasury sale&nbsp;that saw lackluster demand - with&nbsp;stocks,&nbsp;bonds&nbsp;and the&nbsp;dollar&nbsp;falling.
 Treasuries&nbsp;got hit after a weak auction of 20-year bonds, whose 5% coupon rate was the highest since the tenor was reintroduced in 2020. Long-term debt bore the brunt of the selling, with&nbsp;30-year yields&nbsp;jumping over 10 basis points. The equity market saw its worst session in a month, with the&nbsp;S&amp;P 500&rsquo;s slide topping 1.5%.
The greenback dropped against most major currencies. Bitcoin pared its advance, but was still set for a record.
 Traders have been piling into bets that long-term bond yields would surge on concerns over the US&rsquo;s swelling debt and deficits, with Moody&rsquo;s Ratings on Friday lowering the nation&rsquo;s credit score below the top triple-A level. For many, the message was: Unless America gets its finances in order, the perceived risks of lending to the government will rise.
 The White House amped up the pressure on Republicans on Wednesday urging lawmakers to quickly approve President Donald Trump&rsquo;s signature tax bill, adding that a failure to do so would be the &ldquo;ultimate betrayal.&rdquo; Today's show features:
<ul>
<li>Bloomberg News Rates Reporter Rates Reporter Michael Mackenzie</li>
<li>Sandy Villere, Portfolio Manager for Villere &amp; Co.</li>
<li>Jenny Rooke, PhD, Founder and Managing Director of Genoa Ventures</li>
<li>MP Materials Co-Founder, Chairman and CEO Jim Litinsky with Bloomberg News metals and mining reporter Joe Deaux</li>
</ul>

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Stocks Get Hit as Weak Treasury Sale Boosts Yields

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