Is a surge in U.S. treasury yields testing investor appetite?
To a great extent what is happening is just the normal ebb and flow of the market as interest rates rise.
President Donald Trump's $1.5 trillion of tax cuts in December are forcing Treasury Department officials to cover the gap by borrowing money in unprecedented amounts, leading to concerns about the country's creditworthiness.
The speed with which this move in the bond market is occurring is whipping around the much-smaller stock market.
A decade ago, amid an economic boom in "emerging markets" like Brazil, Russia, India and China, the Teacher Retirement System of Texas decided to plow nearly 10% of all savings into stocks from the countries. Now, the teachers are reeling from the mistake, with subpar returns and outsize risks that could have been easily avoided had the fund just stuck with large U.S. stocks.
The Federal Reserve raised interest rates by 0.25 percentage point to a range between 2% and 2.25%. Some Fed watchers speculate that the current rate-hiking cycle, begun in 2015, could come to an end -- or at least a pause -- as soon as next year.
The Federal Reserve's rate-hiking cycle, begun in 2015, could come to an end -- or at least a pause -- as soon as next year.
A growing number of economists believe China has the ability to withstand a full-blown trade assault from President Donald Trump's administration. And doing so is likely critical to Chinese President Xi Jinping's push to establish his country as a global leader.
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