On Wednesday, May 21, 2025, U.S. financial markets experienced significant volatility as investors reacted to rising Treasury yields and concerns over the nation’s fiscal outlook.

Bond Market Turmoil:

A weak $16 billion auction of 20-year Treasury bonds signaled tepid demand, pushing yields higher. The 10-year yield climbed to 4.589%, and…

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businessinsider.com

A tepid US Treasury auction is rattling markets with deficit fears running high

The sell-off in bonds accelerated midweek after a weak Treasury auction and as investors worry that Trump's tax bill will add trillions to the deficit.

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