Bonds & Stocks
Stocks wavered after a selloff driven by the recent spike in Treasury yields and bets the Federal Reserve would slow the pace of rate cuts amid inflationary pressures. The yield on 10-year Treasuries fluctuated near the highest since April.
Economy
A cohort of about 20 Republican House members from New York, New Jersey and California was invited to meet with President-elect Donald Trump at his Mar-a-Lago estate Saturday ahead of a looming fight over an extension of his 2017 tax cuts.
World
UK markets tumbled, pushing bond yields to the highest in more than a decade, as jitters over persistent inflationary pressures spark unnerving comparisons with the 2022 gilt crisis. Benchmark 10-year yields jumped as much as 12 basis points to 4.81%, the highest since August 2008. The pound fell against all of its Group-of-10 peers, slumping more than 1% versus the dollar, while domestic stocks fell.