Nedgang på Wall Street

This week has seen a downturn on Wall Street with several notable stocks experiencing declines. Among the affected were SpaceX, which saw a 2.3% drop, and tech giants Micron, AMD, and Broadcom, which fell by 6.2%, 3.4%, and 1.54% respectively. Financial markets are bracing for a week filled with significant events, as it could be a decisive period for the financial markets, with concerns that the U.S. Treasury market could develop into a full-blown crisis, according to Kathleen Brooks, head of analysis at XTB, as reported by Bloomberg.

Rising long-term interest rates in the U.S. have reached their highest levels in years, with the latest data showing that rates have increased to the highest point in several years. In the previous week, the Bank of Japan intervened, announcing that the financial department would at least double its purchases of government bonds starting from September.

Although the long rates initially dropped somewhat, the impact proved to be short-lived. The markets have been wondering how the purchases will be financed. CNBC reported on Monday that Bessent may use the U.S. Treasury's "Treasury General Account" instead of selling short-term bonds. The yield on U.S. Treasury bonds with a ten-year maturity, often referred to as the "world's most important interest rate" due to its influence on rates and financial markets worldwide, stood at 4.72% on Monday afternoon, just below its peak of 4.74% the previous week.