The bond market is flashing a warning sign about the economy. Treasury yields continued their ascent in early trading, with 30-year yields touching 5.117%. On Wednesday, they settled at their highest level since 2023.

Treasury debt continued its wild ride on Wednesday, with yields soaring amid concerns about the U.S. government’s unsustainable deficit spending.

The sharp selloff in longer-duration U.S. Treasury securities gathered fresh steam on Thursday morning after House Republicans passed President Donald Trump's [one big, beautiful tax bill](

Wall Street futures headed lower after a major U.S. retailer blamed its grim forecast on tariff concerns and oil prices rose.

Treasury yields fall and the dollar is little changed as Monday's "Sell America" trade recedes a bit. Concerns about the U.S. government debt flared up after the Moody's downgrade and the progress of a tax bill in Congress that looks poised to widen the already worrisome budget hole.

Wall Street slumped under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government’s spiraling debt and other concerns.

U.S. Treasury yields remained elevated on Thursday as the country’s growing fiscal deficit became a key concern for investors this week.

U.S. stocks were on course to pare back some of their recent losses Thursday, while Treasury yields were holding firm after a weak 20-year bond auction rattled investors during the previous trading se