Treasury Yields Soar as Ballooning U.S. Deficit Worries Wall Street
1. Treasury yields surged due to concerns over U.S. deficit sustainability. 2. The 30-year bond yield reached 5.1%, its highest since November 2023. 3. S&P 500 fell 1.6% amid rising yields and weakening demand for debt. 4. Morgan Stanley warns high yields may pressure stock valuations significantly. 5. Moody's downgraded U.S. debt, impacting confidence in federal assets.