Dow Jones NewsMay 20, 12:17 PM UTC
DJ Treasury Yields, Dollar Indicate 'Sell America' Trade is Fading -- Market Talk
0817 ET - Treasury yields fall and the dollar is little changed as Monday's "Sell America" trade recedes a bit. Concerns about the U.S. government debt flared up after the Moody's downgrade and the progress of a tax bill in Congress that looks poised to widen the already worrisome budget hole. Yields rose sharply, but lost steam and settled little changed. With no major data point on tap, the fiscal debate will likely remain on investors' mind for now. Fed officials have reaffirmed the central bank's wait-and-see stance. The 10-year yield is at 4.466% and the two-year at 3.967%. The WSJ Dollar Index is flat. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
May 20, 2025 08:17 ET (12:17 GMT)
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