Market News
Bad week for bonds - REUTERS
By Mike Dolan
LONDON, May 21 (Reuters) - What matters in U.S. and global markets today, Editor-At-Large, Financial Industry and Financial Markets
In an already bad week for long bonds, an aggravated inflation picture around the world has added another irritant. I discuss this and all the market news below.
Be sure to check out my column today, where I explore why key foreign creditors might be reassessing their holdings of U.S. debt and what this could mean for funding America's rising deficit.
Today's Market Minute
* President Donald Trump's tax cut and spending bill faces a critical stress test on Wednesday as Republicans try to overcome internal divisions about cuts to the Medicaid health program and tax breaks in high-cost coastal states.
* Companies importing goods into the United States from China are rushing to convert warehouses into facilities that are exempt from President Donald Trump's tariffs until they are ready to sell the
