Treasury Yields Fall as Oil Prices Decline
Treasury yields are falling as a global bond selloff eases and oil prices decline by 3%. However, borrowing costs remain near recent highs due to inflation concerns, government spending, and corporate borrowing. The US trade deficit widened more than expected in August to $105.6 billion.
Treasury yields slipped as a global bond selloff eased alongside a 3% decline in oil prices. Borrowing costs, however, remain near recent highs as markets continue to focus on inflation, government spending and corporate borrowing. S. 6 billion.