JPMorgan Asset Management’s Bob Michele has some advice for Treasury Secretary Scott Bessent: get rid of the 20-year bond.

The Securities and Exchange Commission should add the European Union to a four-decade old list of exempted issuers, a move that would ease restrictions on US investor access to the bloc’s new bond futures market, according to a group representing hedge funds.

After Treasury Secretary Scott Bessent surprised dealers with his willingness to intervene in the bond market to drive down yields in recent months, Wall Street is now girding for the biggest revamp in guidance for US Treasuries issuance since early 2024.

After Treasury Secretary Scott Bessent surprised dealers with his willingness to intervene in the bond market to drive down yields in recent months, Wall Street is now girding for the biggest revamp in guidance for US Treasuries issuance since early 2024.

Bullish bets in US Treasuries are vulnerable to a sharp reversal if the Federal Reserve takes a more aggressive stance at its upcoming monetary policy meeting.

Kalshi Inc. is opening up a new frontier in its rivalry with traditional financial exchanges by pitching the world’s largest banks and hedge funds on a futures market tied to US inflation.

Treasuries rallied for their best day in more than two years, surging across the board as a deepening rout in AI-related shares, market turmoil in France and fresh Mideast tensions all combined to make US government debt the investment of choice for anxious traders.

Beset by a selloff in Treasuries that’s sent benchmark yields to multidecade highs, the US government is finding itself increasingly dependent on investors who only buy if the price is right.

David Rosenberg said the US stock market was increasingly looking like a bubble, with valuations, leverage and investor positioning at extremes unseen in his 40-year career.

A former theater director has found an unlikely – and highly profitable – niche on Kalshi

US Treasury Secretary Scott Bessent is likely to reduce the auction sizes for long-dated government bonds — and could even cancel sales of 20-year debt altogether, according to Citigroup Inc.

The swing to deeply-negative sentiment on fixed-income assets this year has gone too far, with the market underpricing the risk of an artificial-intelligence blowup that triggers a rush into bonds, according to Deutsche Bank AG’s George Saravelos.

It’s one of the least understood signals in the fixed-income world, but lately, everyone on Wall Street is abuzz about what it means as it reasserts itself in the market.

US Treasuries were ending the day mixed after a strong auction of 10-year notes signaled that yields at multi-decade highs were fueling investor appetite.

Treasury Secretary Scott Bessent should resist calls to ax the 20-year bond, as doing so could send borrowing costs higher, according to BNP Paribas SA.

Treasury Secretary Scott Bessent’s assurance that US economic growth combined with spending restraint can rein in the federal deficit met with skepticism by market strategists who highlighted the scale of current borrowing.

The bond market is on the brink of signaling that a series of Federal Reserve interest-rate hikes will start shifting the narrative toward the risk that the US economy stalls out.

Government borrowing costs have been climbing around the world as investors demand more compensation to entice them to hold longer-maturity debt. The rise in US bond yields even prompted Treasury Secretary Scott Bessent to announce expanded buybacks of long-dated government debt — an intervention that failed to stop yields on 10-year Treasuries from surpassing 5% and hitting their highest point in almost two decades.

Shares of the largest exchange-traded fund tracking long-dated Treasuries closed at a record low as the yearslong bond market selloff shows few signs of relenting.

The losses in the US Treasuries market intensified on Wednesday as robust economic data and a weak debt auction drove yields across most maturities to the highest levels in almost two decades.