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16.09.26 - 00:30
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Benchmark bond yield reaches highest level in nearly 20 years (The Hill)
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The yield on the 10-year U.S. Treasury bond reached its highest point since before the 2008 financial crisis on Tuesday, portending increased borrowing costs for millions of Americans. The 10-year Treasury bond yield peaked at 5.041 percent Tuesday morning, the note's highest intraday mark since July 2007. The note closed at above 5 percent for......
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15.09.26 - 23:31
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Bessent grilled on AI, bond market in tense House hearing: 3 takeaways (The Hill)
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Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields. During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department's intervention in the bond market. But that did not stop Democrats on the panel from taking him to task on......
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15.09.26 - 20:06
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Japanese Bond Yields Surge To 30 Year High On Report Tokyo May Hike Defense Spending To 3.5% Of GDP (ZeroHedge)
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Japanese Bond Yields Surge To 30 Year High On Report Tokyo May Hike Defense Spending To 3.5% Of GDP
Just in case Japan's bond yields weren't high enough already, Bloomberg reports that Japan is considering a new mid-term defense spending target of 3.5% of GDP in line with NATO and other US allies. Such a move would send a shockwave through financial markets concerned about Prime Minister Sanae Takaichi's spending plans at a time when Japan is preparing to trim tax receipts even more by cutting consumption tax to 1%.
Japanese defense officials have already signaled a willingness to sharply increase defense spending in meetings with their US counterparts, Bloomberg reported. One scenario under consideration is to match a commitment made by South Korea to increase defense spending to 3.5% of gross domestic product over 10 years, while a lower target, such as 3%, is also possible, according to one of the people.
Responding to the news, Japanese Defense Ministry Press Secretary Kimihito Agui...
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