#Latest news with #marketSelloffWall Street Journal22-05-2025BusinessWall Street JournalThe Bond Market Is Waking Up to the Fiscal Mess in WashingtonTreasury auctions are like the plumbing of a toilet: You only pay attention when something goes wrong. A weak auction drove a market selloff on Wednesday for the first time since late 2023. There are good reasons to be concerned about overspill. The auction itself should have been uneventful. It involved some $16 billion of 20-year bonds sold to investors—no big deal. But there was less demand from end-investors than usual, and the price was lower—so the government's borrowing cost higher—than had been expected in advance.
Wall Street Journal22-05-2025BusinessWall Street JournalThe Bond Market Is Waking Up to the Fiscal Mess in WashingtonTreasury auctions are like the plumbing of a toilet: You only pay attention when something goes wrong. A weak auction drove a market selloff on Wednesday for the first time since late 2023. There are good reasons to be concerned about overspill. The auction itself should have been uneventful. It involved some $16 billion of 20-year bonds sold to investors—no big deal. But there was less demand from end-investors than usual, and the price was lower—so the government's borrowing cost higher—than had been expected in advance.
22-05-2025
