US Edition
Stocks Mixed After Treasury-Led Sell-Off
- Asian equities were mixed on Friday following a US bond-driven sell-off the previous day across major markets in Tokyo, Hong Kong, and Shanghai.
- The sell-off was triggered by concerns over the US budget deficit after the Republican-led House passed a key vote on Trump's tax-cutting budget extension.
- Moody's downgraded the US top-tier credit rating amid warnings from analysts that the package could increase the deficit by up to $4 trillion over a decade.
- Chris Weston suggested that concerns about fiscal issues might have been overstated, while Federal Reserve governor Christopher Waller mentioned that interest rate reductions could be possible in the latter half of the year if tariffs are lowered to approximately 10 percent by July.
- The budget now moves to the Senate facing fiscal hawks' skepticism, with the White House projecting growth up to 5.2 percent, though mainstream consensus views this as optimistic.
44 Articles
44 Articles
Daily Journal
Stocks bounce after Treasury-led sell-off
Equities mostly rose Friday following the previous day's US bond-fuelled sell-off with traders tracking a slight pullback in Treasury yields as Donald Trump's signature tax-cutting budget passed a key congressional vote.
ABC FOX Montana
Stocks mixed after Treasury-led sell-off
Equities were mixed Friday following the previous day's US bond-fuelled sell-off with traders tracking a slight pullback in Treasury yields as Donald Trump's signature tax-cutting budget passed a key congressional vote.
charitonleader.com
Asian stocks bounce back after Treasury-led sell-off
Asian equities stabilised Friday following the previous day's US bond-fuelled sell-off with traders tracking a slight pullback in Treasury yields as Donald Trump's signature tax-cutting budget passed a key congressional vote.
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