Why A Surge in Bond Yields Matters to Trump, Investors and You

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 21 May 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for May 21. House GOP leaders and Republicans from high-tax states appear to be nearing an agreement on state and local tax deductions, as President Trump’s giant tax and spending deal inches toward a vote. Plus, WSJ columnist Jon Sindreu unpacks why recent volatility in the treasury market matters to more than just bond investors. And in the latest electric vehicle pull back, Ford is letting rival Nissan share its flagship U.S. battery plant. Azhar Sukri hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Active fixed income ETFs from Hartford funds. Built to help you navigate complex bond markets with the affordability of an ETF.
0:09.1	Actively managing your fixed income is actively managing your client's future. Learn more at Hertfordfunds.com slash active.
0:17.6	Investing involves risk. Carefully consider funds investment objectives, risk, charges and expenses before investing.
0:23.1	Visit herfordfunds.com to obtain a prospectus containing this and other information.
0:27.0	Read it carefully before investing.
0:28.4	Alps Distributors.
0:33.2	The GOP nears a deal to boost tax deductions on their way to securing Trump's $3.8 trillion tax bill.
0:41.6	Plus, we look at recent gyrations in the bond market and why they matter.
0:46.6	A small wobble in the bond market was seen as more important than a big fall in the stock market.
0:52.0	Because treasuries are the bedrock of global finance, and they're not just allowing the
0:56.8	federal government to carry on.
0:58.1	They're allowing the entire economy to carry on.
1:00.4	And Ford lets rival Nissan share its flagship battery plant as it pairs back its EV ambitions.
1:08.4	It's Wednesday, May the 21st.
1:10.3	I'm Azhar Sukri for the Wall Street Journal,
1:13.1	filling in for Luke Vargas. Here is the AM edition of What's News, the top headlines and business
1:19.5	stories moving your world today.
1:25.4	House GOP leaders and Republicans from high-tax states appear to be near an agreement on the state and local tax deduction.
1:33.8	That's according to people familiar with the discussions.
1:37.1	The agreement would set the cap on the so-called salt deduction at $40,000.
1:42.7	That's up from $10,000 this year and is higher than the $30,000 figure in the current version of the Republican fiscal bill.
1:51.7	The GOP's giant tax and spend bill could reach the House floor as early as today, but faces stark opposition from Democrats who argue that the proposed cuts to Medicaid
	...

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