Trump, Wall Street
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Wall Street, Treasury and US debt
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Wall Street's major averages meandered on either side of the flat line on Thursday, while a bruising bond sell-off from the previous session eased up. The focus remained on President Trump's "One Big Beautiful" tax bill,
A. Wall Street's own view of U.S. creditworthiness signals that debt ratings should be closer to BBB+ when looking at credit-default swaps, a popular way investors hedge the risk of a company or a country defaulting on its debts.
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.
Wall Street futures headed lower after a major U.S. retailer blamed its grim forecast on tariff concerns and oil prices rose.
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