US Treasury yields rise as Washington’s budget fight drags on

US Treasury yields climbed due to concerns over the stalled tax bill in Congress and rising federal deficits. The 30-year yield reached 5.023% and the 10-year yield rose to 4.533%, reflecting investor anxiety over potential fiscal instability.

Moody’s downgrade of the US credit rating rattled investor confidence, leading to a drop in stock futures. Analysts warn that continued disagreements over tax reform could exacerbate the national deficit, creating further uncertainty in bond markets.