Morning Bid: Hammer comes down
From Yahoo Finance: 2025-05-22 06:43:00
U.S. and global markets face concerns as President Donald Trump’s tax and spending bill advances, pushing bond markets lower. Foreign investors fear possible China-Taiwan conflict under Trump. Stocks and dollar drop, Treasury yields rise. Bitcoin hits record high, oil prices fall on OPEC+ production talks. Solar farms dominate in Germany.
Debt fears rise as Trump’s bill increases U.S. debt by $3.8 trillion over a decade. House votes to pass, faces Senate approval. Poor 20-year Treasury auction causes bond market restlessness. Stock markets react negatively, oil prices retreat on OPEC+ talks. Dollar strengthens amid U.S.-Japan trade talks.
Global bond markets struggle, with Japan and Britain facing rising yields. Inflation fears and trade concerns affect stock markets worldwide. U.S. Treasury Secretary and Japanese Finance Minister affirm market-determined exchange rates. South Korea’s won fluctuates on trade deal news. Euro zone and Japanese business surveys show contraction.
Long-term U.S. Treasury yields rise as 20-year bond sale disappoints. Rising long-term debt yields lead to deficit and inflation worries. New York Fed’s term premium nears record high, double its average. Today’s events include U.S. jobless claims, manufacturing surveys, and G7 finance meeting. Central bank presidents speak, corporate earnings reported.
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