Markets Steady as 30-Year Treasury Yield Holds at 5.24% After Tumultuous Week
Updated
Updated · The New York Times · Aug 21
Markets Steady as 30-Year Treasury Yield Holds at 5.24% After Tumultuous Week
2 articles · Updated · The New York Times · Aug 21
Summary
U.S. stocks edged higher and bonds were little changed in early Friday trading, signaling a pause after a week of heavy cross-asset volatility.
The 30-year Treasury yield held at 5.24% and the 10-year stayed just under 4.7%, with investor worries centered on the Iran war, widening deficits, the economy and A.I.-linked borrowing.
Scott Bessent's midweek move to double the Treasury's debt buyback capacity briefly eased pressure, but yields have largely returned to their pre-intervention, multi-decade highs.
Stocks still remain on track for a weekly decline, while a weaker dollar and higher gold prices point to persistent anxiety over U.S. fiscal policy.