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August delivered the loudest bond market narrative in years, and almost none of it survived contact with the price action. Total public debt crossed $40 trillion on August 18. The 30-year U.S. Treasury yield reached 5.33% intraweek, a level last seen in 2007. The move was global, with the German
Treasury yields moved higher this week amid uncertainty about the Fed’s next move, higher oil prices and ongoing fiscal concerns. Vehicle sales, ISM business surveys and the Beige Book’s anecdotal evidence all pointed to continued economic expansion in August. Payrolls surprised to the upside in August, with employers adding 162k new
Ruth Hays joined WLOS to discuss why interest rates matter in a community still rebuilding—and why Asheville is ready to welcome visitors.