This is an updated excerpt of our Markets A.M. newsletter. Get investing insights in your inbox each weekday by signing up here—it’s free. Investors hate bonds right now. Treasury yields have surged o

The chart above shows how these inflows and outflows are correlated with inflation expectations. I segregated all months since 2004 into four groups, based on monthly changes in f

Yields on government debt have risen as Congress weighs Trump’s budget plan. Meanwhile, interest on the debt is approaching $1 trillion a year – on par with proposed Defense spending.

The bond market has a sleepy reputation, but it can pack a punch when alarmed. And worries are now growing about tax cuts pushed by Washington and how they'll inflate the U.S. government's debt.

"Major financial events often happen first in Japan, for example the late-1990s tech bubble bursting first in Japan," Albert Edwards wrote Thursday.

A look at the day ahead in European and global markets from Ankur Banerjee After a volatile week when markets zeroed in on major economies' precarious fiscal health, with a sell-off in Treasuries and government bonds from Japan and Britain,

The rise in longer-term U.S. Treasury yields in 2025 has contributed to a record low of minus-1.3% in their 10-year annualized return, according to Bank of America.

The global savings glut is over and governments have to pay up to borrow; the U.S. situation is especially risky.