cover of episode Deficit Threat Fuels Bond-Yield Surge

Deficit Threat Fuels Bond-Yield Surge

2024/10/29
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WSJ What’s News

Key Insights

Why are Treasury yields rising?

Investors expect higher deficits regardless of the election outcome, leading to increased government debt issuance.

Why did Visa give concessions to Apple?

To prevent Apple from developing its own card network that could compete with Visa's.

Why did Jeff Bezos defend the Washington Post's decision not to endorse a presidential candidate?

Endorsements create a perception of bias and do not influence the race.

Why is the Supreme Court involved in voting disputes?

Emergency appeals from both parties seek to block or revive certain voting processes.

Why is Visa facing a lawsuit from the DOJ?

The DOJ alleges Visa engages in anti-competitive behavior in the debit card space.

Why is Israel cutting ties with UNRWA?

Israel accuses UNRWA of having ties to Gaza-based militants and seeks to discredit the agency.

Chapters

The Supreme Court is being dragged into the election through emergency voting appeals in Pennsylvania and Virginia, with concerns over provisional ballots and voter purges.
  • Republican National Committee and Pennsylvania officials ask Supreme Court to block counting of provisional ballots.
  • Virginia's Republican attorney general seeks to revive a state voter purge that removed alleged non-citizens.
  • FBI investigates deliberate fires at ballot drop boxes in the Pacific Northwest.

Shownotes Transcript

A.M. Edition for Oct. 29. Treasury yields climb sharply) on expectations that spending will surpass federal revenue after the U.S. election. Plus, Jeff Bezos defends the Washington Post’s move to not endorse a presidential candidate). And the WSJ’s AnnaMaria Andriotis) explains how Visa woos partners and strong-arms competitors) to solidify its place atop the payments world.

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