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0.000150481540930985 0.000100321027287228 -0.000100321027287371 -0.000250802568218356 -0.00310995184590692 -0.000902889245585909 -0.00652086677367582 -0.00591894060995188
Stock impact report

Trump-Era Budget Deficits Turn Treasury Bonds Into Unsafe Haven [TheStreet.com]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: TheStreet.com
Investors seeking refuge from falling stock prices are unlikely to find a safe haven in U.S. Treasury bonds, which are poised to decline next year as the federal government ramps up debt issuance to fund a budget deficit swollen by President Donald Trump's $1.5 trillion of tax cuts. Yields on 10-year U.S. Treasury notes, which move in the opposite direction of prices, are expected to climb to 3.35% in 2019 from about 2.87% currently, based on the average estimate of economists in a survey by data provider FactSet. The trend could present an unwelcome surprise to investors accustomed to buying Treasury bonds during times when the stock market falls; historically the U.S. government's triple-A-rated securities are perceived as a safe place to park cash amid market turmoil. But with the federal budget deficit projected to rise by about 25% in fiscal year 2019 to $973 billion, the Treasury department will have to issue more bonds to cover the funding gap -- at a tim Show less Read more
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