US Treasury Yields Slide amid Anticipation for Congress Debt Ceiling Vote

The 2-year and 10-year Treasury yields dropped Tuesday as investors await the legislative voting outcome on the debt ceiling bill.   US Treasury yields slumped today ahead of a Congress on the federal government’s proposed debt ceiling bill. Treasury yields tumbled Tuesday as markets reopened, with investors bracing themselves for a lawmaker vote on the Biden administration’s 11th-hour … Read more

Latest US Debt Ceiling Proposal Strikes Out Unpopular Crypto Tax Bill

The recent US debt ceiling deal has struck out the previous crypto tax bill proposed by the Biden administration.  Congressman Warren Davidson has confirmed that the recent US debt ceiling deal blocks a potentially pivotal crypto tax bill proposed by the Biden administration. Davidson’s confirmation came as a response to a tweet by Bitcoin advocate and Riot Platforms research executive Pierre … Read more

European Markets Open Higher Following US Debt Ceiling Deal

European stock markets were higher in pre-trade amid impending Congress vote on the proposed US debt ceiling bill. European markets opened higher on Monday following the US debt ceiling deal between President Joe Biden and House Speaker Kevin McCarthy. Over the weekend, the two high-ranking politicians finally agreed to raise the US debt ceiling, thereby preventing a … Read more

Bitcoin (BTC) Price Gains Momentum Ahead of US Debt Ceiling Increase

BTC, ETH, and many other leading altcoins are all showing positive signs in the past few hours. Following a recent stint of decline in value, Bitcoin (BTC) price may finally be showing some signs of recovery. This follows after its price surged by over 2.5% in the past day, per CoinMarketCap data. Incidentally, the surge … Read more

US Treasury Yield Falls amid Rate Hikes and Debt Ceiling Concerns

The ongoing negotiations surrounding the US debt ceiling have been a key focal point for investors as the June 1 deadline approaches. The United States Treasury bond market experienced a decline in yields on Friday as investors eagerly await the release of key inflation data and updates on debt ceiling negotiations. According to reports, the … Read more