Energy Markets
Investors on the alert ahead of Trump's "Big Beautiful" tax bill
Bond vigilantes scoured the global debt markets Thursday, keeping both the dollar and the stock market subdued, in advance of an important vote on Donald Trump's 'big beautiful' tax bill. After a disappointing 20-year U.S. bond sale on Tuesday, caution dominated Europe. This reinforced the "Sell America' narrative that was already on investors' mind after Moody's cut its triple A credit rating for United States last week. As global yield curves steepened, Germany's long term bond yields reached their highest level in two months. Figures showed that the British government borrowed more in April than was expected, and euro zone...