Author: MarketWatch

Treasury shifts to longer-term debt offerings, including $20 billion in new 20-year bonds, to finance ballooning deficit
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Treasury shifts to longer-term debt offerings, including $20 billion in new 20-year bonds, to finance ballooning deficit

What’s new: The U.S. Treasury Department on Wednesday laid out a plan to pay for the ballooning fiscal deficit that ramps up the sale of longer-duration securities. The department said it would increase auction sizes across the curve by $154 billion but shift financing to longer-dated securities over the coming quarters.…

Trump’s tour of an Arizona mask-making factory is backed by a questionable soundtrack
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Trump’s tour of an Arizona mask-making factory is backed by a questionable soundtrack

Had Beatles icon Paul McCartney actually died back in 1966, as “music’s most notorious conspiracy theory” claims, he’d probably be rolling over in his grave right now.
That’s because President Trump, whom the still-living-and-performing McCartney referred to as “a mad captain sailing this boat we’re all on” in a 2018 song, just toured a factory in Arizona that makes coronavirus masks with these seemingly tone-deaf lyrics blasting in the background:

“ ‘If this ever changin’ world in which we live in makes you give in and cry, say live and let die.’…

Disney earnings leave more questions than answers as COVID-19 pressures theme parks and more
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Disney earnings leave more questions than answers as COVID-19 pressures theme parks and more

Walt Disney Co.’s latest earnings prompted more questions than answers and left many dreaming about better days that could come years down the line.
Shares of the media giant DIS, +2.55% were off 0.4% in Wednesday morning trading after Disney saw earnings collapse by 90% as the pandemic pressured everything from theme parks to film production to television advertisements.…

Treasury yields edge higher ahead of private-sector employment numbers
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Treasury yields edge higher ahead of private-sector employment numbers

Treasury yields rose on Wednesday ahead of a private-sector employment report that will shed more light on a quickly deteriorating labor market.
What are Treasurys doing?
The 10-year Treasury note yield TMUBMUSD10Y, 0.682% was up 2.7 basis points to 0.684%, while the 2-year note rate TMUBMUSD02Y, 0.192% rose a single basis point to 0.196%.…

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