Treasury yields rise, stocks decline on US fiscal outlook worries

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The Star 5h ago

Treasury yields rise, stocks decline on US fiscal outlook worries - The Star

Quick Summary:

Treasury yields hit their highest in 18 months on Thursday, while Asian stocks and the dollar slipped as worries of a worsening fiscal outlook in the world's biggest economy weighed on investor sentiment.

Treasury Department saw tepid demand for the $16 billion sale of 20-year bonds that pushed bond yields higher.

"We continue to have uncertainty and worries about growth and worries about the ability of the U.S.government to raise more debt," said Vis Nayar, chief investment officer at Eastspring Investments in Singapore.