The bond market is shaking Wall Street again, this time because of worries about tax cuts
May 22, 2025
The bond market has a sleepy reputation, but it can pack a punch when alarmed. And worries are now growing about tax cuts pushed by Washington and how they’ll inflate the U.S. government’s debt. That’s sent yields higher this week, enough to shake the stock market and potentially send it to its worst week in the last seven. The moves in the bond market are also likely to make mortgages more expensive for U.S. home buyers, along with other kinds of loans.
