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U.S. President Joe Biden’s administration announced on Thursday its intent to extend sections of the border wall, aiming to curb the surge in migrant crossings from Mexico—a policy reminiscent of former President Donald Trump. Trump, a frontrunner for the Republican Party’s nomination to challenge Biden, a Democrat, in the 2024 presidential race, had made constructing…
Investors are piling into money market funds at historic rates thanks to their juicy 5% yields. Yet the funds are not only attractive for their income, they are also less volatile than the bond market right now, which has been rocked as Treasury yields soar. Bond yields move inversely to prices. “Now it appears [5%…
