US debt ceiling fears knock stock and bond markets

·4 min read

US stocks slid and short-term Treasury yields held near two-decade highs on Wednesday, as investors fretted over the looming debt-ceiling deadline while policymakers struggled to reach an agreement. Wall Street’s benchmark S&P 500 closed 0.7 per cent lower, with all sectors in the red except energy. The tech-heavy Nasdaq Composite fell 0.6 per cent.