Rising Rates Threaten Wall Street’s Golden Goose in Trading
Weak bond markets undermine what had been a strength for big banks.
We haven't written up this one. WSJ Markets has the full story — the link below goes straight to it.
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Analysis: Why a $2 trillion deficit and 5% Treasury yields are becoming America's biggest economic challenge
Treasury yields above 5% are raising borrowing costs for households and the federal government, highlighting the challenge of financing $2 trillion deficits.
