Government News

U.S. Senate passes short-term funding bill to avert federal shutdown before election

The Republican-led U.S. Senate passed a temporary measure to fund federal agencies through December 11 on Saturday, in a move intended to avert a crippling federal government shutdown weeks before the November midterm elections. The Republican-controlled House of Representatives passed…

Treasury yields are steady as Kashkari says time to raise rates, ADP jobs data is weak

U.S. Treasury yields held steady on Wednesday as traders mulled over the outlook for interest rates and weighed a weaker-than-expected jobs reading from payrolls processing firm ADP. The 10-year U.S. Treasury note yield — the main benchmark for mortgages, auto loans and credit card…

Tariff refunds push US June budget deficit to $120 billion

WASHINGTON, July 13 (Reuters) – Growing refunds ‌from President Donald Trump’s tariffs, after they were ruled illegal, pushed the June federal budget deficit to $120 billion, the U.S. Treasury Department said on Monday, a sharp reversal from the $27 billion…

Treasury yields move lower as traders weigh U.S.-Iran tensions

Treasurys fell on Thursday after the previous session’s yield spike as traders weighed new economic data and sought to look beyond the renewed hostilities in the Middle East. The key 10-year U.S. Treasury note yield — the main benchmark for mortgage borrowing, auto loans…

Developed market debt to hit record $75.8 trillion as shocks and spending pressures mount, Fitch says

LONDON, July 21 (Reuters) – Government debt across developed economies is set to climb to a record $75.8 trillion by the end of 2026 as countries struggle with persistent ​budget deficits, geopolitical tensions and rising spending demands, Fitch Ratings said…

Treasury yields rise as Fed Chairman Warsh says ‘prices are too high’

U.S. Treasury yields rose on Wednesday, as investors weighed more data and new comments from the Federal Reserve’s newly appointed chairman. The yield on the benchmark 10-year Treasury note — the main benchmark for mortgages, auto loans and credit card debt —…

Treasury yields fall despite rate hike concerns hitting tech stocks

U.S. Treasury yields moved lower on Tuesday, despite fears of higher interest rates dealing a blow to tech stocks globally, while investors await key inflation data due to be released Thursday. The yield on the 10-year U.S. Treasury note — the key…

2-year Treasury yield falls as Kashkari backs a Fed rate increase by year-end

The 2-year Treasury note yield moved lower on Friday as Minneapolis Federal Reserve President Neel Kashkari said he has changed his outlook and now expects that one interest rate increase will be necessary this year. Kashkari is a voting member of the Federal Reserve’s…

Treasury yields rise after Trump threat on Iran and ahead of inflation report

Treasury yields rose slightly on Tuesday as U.S. President Donald Trump issued his latest warning against Iran. The 10-year U.S. Treasury note yield — the key benchmark for mortgages, auto loans and credit card debt — rose 1.4 basis points to 4.542%. The 2-year…

10-year Treasury yield moves higher after Iran reportedly stops communication with U.S.

The 10-year Treasury yield ticked higher on Monday as tensions ramped up between the U.S. and Iran, further clouding the prospects for a deal to end the conflict. The yield on the 10-year — the key benchmark for mortgages, auto loans and credit…