U.S. Treasury Yields Reach New Highs in March
TL;DR Summary
The yield on the 2-year and 10-year U.S Treasury notes briefly traded near their highest levels since March as investors pondered the economic outlook as debt ceiling negotiations pressed on. Unless a resolution is struck, the U.S. risks defaulting on its debt as soon as June 1, according to Treasury Secretary Janet Yellen reiterated Monday. Uncertainty about the Fed's next interest rate moves persisted Tuesday.
Topics:business#debt-ceiling-negotiations#default-risk#economy#finance#interest-rates#treasury-notes
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