![]() The dollar - often seen as something of a haven - gained for a third straight day. The S&P 500 Index was down as much as 1% at one point on Wednesday, although increased bets on Federal Reserve tightening also contributed. US stocks, too, are beginning to show greater signs of concern over the standoff. ![]() Rates on those due June 1 and June 6 at one stage on Wednesday topped 7%, around 4 percentage points above instruments maturing May 30, while other securities in the first weeks of June also saw their yields leap. Bills maturing in that time frame, a window that Treasury Secretary Janet Yellen has warned about repeatedly, are seen as most at risk of non-payment if the US government exhausts its borrowing capacity. Yields on securities due in early June surged Wednesday as investors steered clear of more at-risk bills, with rates on several instruments topping 7%. Lula Lashes Out and Sends Warning to Central Bankers Everywhere World’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car Roof ![]() ![]() US Credit Rating at Risk of Fitch Cut on Debt-Limit Impasse McCarthy Signals Debt Deal Optimism as US Put on Credit Watch ![]() (Bloomberg) - The deadlock in debt-ceiling negotiations is adding to default concern around a number soon-to-mature Treasury bills and also starting to dent investors' appetite for risk more broadly.Īpple Plans to Turn Locked iPhones Into Smart Displays With iOS 17 ![]()
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