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المشهد العربي
US Treasury yields fall amid market calm
U.S. Treasury bond yields have declined after reaching their highest levels since 2002, as expectations of the Federal Reserve raising interest rates in October diminished. The ten-year bond yield fell to around 5.33%, reflecting a calming of the sell-off that had been pricing in borrowing costs at their highest since 24 years ago. This comes amid increasing concerns over persistent fiscal deficits and rising debt service costs, along with studies indicating that major economies are facing financial challenges similar to those of emerging markets. Additionally, Republican lawmakers are examining a plan to increase the U.S. debt ceiling in the final weeks of the current Congress, aiming to pressure the Democratic Party should they win the midterm elections.
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