Stocks Get Hit as Weak Treasury Sale Boosts Yields
May 22, 2025
47 min
Full
4,738 of 5,353
May 22, 2025
Stocks Get Hit as Weak Treasury Sale Boosts Yields
0:00 / 47:12
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Bloomberg Originals Episodes Around May 22, 2025
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47:12This episodeStocks Get Hit as Weak Treasury Sale Boosts Yields
Summary
<p>Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.</p> <p><br />Wall Street’s worries about a ballooning deficit that threatens America’s status as a safe haven were reflected in a $16 billion Treasury sale that saw lackluster demand - with stocks, bonds and the dollar falling.</p> <p><br />Treasuries got hit after a weak auction of 20-year bonds, whose 5% coupon rate was the highest since the tenor was reintroduced in 2020. Long-term debt bore the brunt of the selling, with 30-year yields jumping over 10 basis points. The equity market saw its worst session in a month, with the S&P 500’s slide topping 1.5%.</p> <p>The greenback dropped against most major currencies. Bitcoin pared its advance, but was still set for a record.</p> <p><br />Traders have been piling into bets that long-term bond yields would surge on concerns over the US’s swelling debt and deficits, with Moody’s Ratings on Friday lowering the nation’s credit score below the top triple-A level. For many, the message was: Unless America gets its finances in order, the perceived risks of lending to the government will rise.</p> <p><br />The White House amped up the pressure on Republicans on Wednesday urging lawmakers to quickly approve President Donald Trump’s signature tax bill, adding that a failure to do so would be the “ultimate betrayal.”<br /><br />Today's show features:</p> <ul> <li>Bloomberg News Rates Reporter Rates Reporter Michael Mackenzie</li> <li>Sandy Villere, Portfolio Manager for Villere & Co.</li> <li>Jenny Rooke, PhD, Founder and Managing Director of Genoa Ventures</li> <li>MP Materials Co-Founder, Chairman and CEO Jim Litinsky with Bloomberg News metals and mining reporter Joe Deaux</li> </ul><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
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