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US Pays Highest Yield on 30-Year Debt in Quarter of a Century

Patrick McHenry, former Republican congressman from North Carolina and former House Financial Services Committee chairman, said that Thursday's bond sale is a 'wake up sign' for the country on government debt and deficit, as the US government sold 30-year bonds at the highest rate since 2001. McHenry said that it is time for the government to take action on overspending, but that change has to begin with the American people raising the issue.

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Bloomberg
Financial

US Debt Sales See No Summer Slowdown

Tony Rodriguez, head of fixed income strategy at Nuveen Asset Management, and Jerry Cudzil generalist portfolio manager, fixed income at TCW, join Emily Graffeo on "Real Yield." August is often one of the slowest months of the year, averaging $95 billion of investment-grade bond sales since 2019. This August though has already seen $130 billion in sales.

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Bloomberg
Financial

Gas Prices Won't Drop Much Lower By Election Day, Says Rebecca Babin

Rebecca Babin, CIBC Private Wealth senior energy trader, said that she doesn't expect gas prices to drop much lower before election day and that the price at the pump will likely be lower than the White House would like it to be for November's midterms. Babin said that while oil prices have climbed as tensions have build back up in the Strait of Hormuz, it is China's position in the oil market that is keeping prices from growing to $100 a barrel.

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