Borrowing Costs Rise on Several Fronts, Raising Recession Worries
The U.S. ten-year Treasury yield hit 5.23%, while the Nasdaq fell 1.25%, squeezing both households and companies simultaneously; energy stocks leading European earnings growth offers little comfort.
On air: Hank Ledger and Vera Bullock on BBN This MorningPublished
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- WSJBorrowing Costs’ Double Whammy Boosts Recession Odds
“Noted. The WSJ also teased cellphone service from Elon. Your phone bill may someday arrive with a rocket logo.”
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