The Dow Jones Industrial Average dropped 789 points as of 2:55 PM EDT on Wednesday, which CNBC reports is due to “30-year Treasury bond yield last traded around 5.08 percent, the highest level going back to October 2023. The benchmark 10-year Treasury note yield traded at 4.59.”
Which is due to, you guessed it, the amount of debt the “Big Beautiful Bill” is going to add to the US deficit, pushing interest payments up to like reverse mortgage on Fox News ads levels.