Free Republic

The Dow fell more than 400 points Tuesday morning, turning negative for the year, as US Treasury yields surged to their highest levels in over a decade. The Dow fell 427 points, or 1.3%. The benchmark S&P 500 declined 1.5% and the Nasdaq Composite lost 1.8%, extending the late summer selloff in stocks. Stocks have marched higher for most of this year, as artificial intelligence excitement took hold on Wall Street and powered tech stocks to stratospheric heights. But that rally petered out in August, as strong economic data had investors worried that a resilient economy and piping hot labor...

The Chinese government will launch 28 billion yuan (US$3.72 billion) of book-entry treasury bonds on Monday, the 17th batch of its kind this year, according to the Ministry of Finance (MOF). The five-year T-bonds, with a fixed annual yield of four percent, will be sold via the national inter-bank bond market, the stock market and commercial banks from October 22 to 25, and will be available for trading on the stock market and over the counters of designated commercial banks from October 29. China has issued a total of 516 billion yuan of book-entry treasury bonds this year. China's book-entry...