Sam Goldfarb

New York

Reporter at The Wall Street Journal

credit reporter for @WSJ focusing on corporate debt

Articles

Traders Watch Gap Between Treasury Yields

2 weeks ago | wsj.com | Sam Goldfarb

Investors have focused this week on a selloff in the Treasury market. But it hasn't affected all Treasurys. Short-term debts, like the 2-year note, have been stable. Only longer-term instruments, like the 10-year note and 30-year bond, have come under pressure. Longer-term Treasurys are inherently more risky. The longer a bond remains outstanding, the greater the chance that its price could fall in the future due to unexpected upticks in inflation and interest rates or surges in government borrowing.
Why Are Treasury Yields Rising?

2 weeks ago | wsj.com | Sam Goldfarb

Yields, which rise when bond prices fall, have climbed for weeks due to several factors—some welcome to investors, others more concerning. Those include:Fading recession fears. Steps by the Trump administration to walk back some tariff policies have increased optimism that the U.S. can avoid a recession. That has sapped demand for Treasurys, which tend to benefit when investors are anxious about the economic outlook and expect the Federal Reserve to cut short-term interest rates.
美国国债收益率为何攀升？

2 weeks ago | cn.wsj.com | Sam Goldfarb

周三，长期美国国债收益率再度攀升，10年期美国国债收益率突破4.5%，30年期美国国债收益率站上了5%。周三，长期美国国债收益率再度攀升，10年期美国国债收益率突破4.5%，30年期美国国债收益率站上了5%。债券价格下跌时收益率便会上升。数周以来，受多种因素影响，美国国债收益率持续攀升——其中一些因素受到投资者欢迎，另一些则更令人担忧。这些因素包括：Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8立即订阅热门文章热门视频
Weak Auction of Government Debt Jolts Markets

2 weeks ago | wsj.com | Gunjan Banerji |Sam Goldfarb

Dow slides; 30-year Treasury yield surges above 5%, its highest since 2023Trouble has been stirring in the bond market for weeks. On Wednesday, the anxiety spread to the stock market. A weak auction for 20-year bonds exacerbated worries about rising deficits in Washington and drove sharp declines for stocks and bonds, sending the Dow Jones Industrial Average down more than 800 points and the 30-year Treasury bond yield to the highest level since 2023. Copyright ©2025 Dow Jones & Company, Inc.
Weak Auction of Government Debt Jolts Markets

2 weeks ago | fnlondon.com | Gunjan Banerji |Sam Goldfarb

Weak Auction of Government Debt Jolts MarketsDow slides; 30-year Treasury yield surges above 5%, its highest since 2023 Published May 21, 2025 at 4:46 PM ET Trouble has been stirring in the bond market for weeks. On Wednesday, the anxiety spread to the stock market.
Why Treasury Yields Are Rising

2 weeks ago | wsj.com | Sam Goldfarb

Longer-term Treasury yields are rising again Wednesday, with the 10-year yield above 4.5% and the 30-year rate topping 5%. Yields, which rise when bond prices fall, have been climbing for weeks due to several factors—some welcome to investors, others more concerning. Those include:Fading recession fears. Steps by the Trump administration to walk back some tariff policies have increased optimism that the U.S. can avoid a recession.
America’s Fiscal Situation Threatens the Good Mood on Wall Street

2 weeks ago | wsj.com | Sam Goldfarb |Hannah Lang

Yields on longer-term Treasurys extend recent gains after the U.S. lost its last triple-A credit ratingThe U.S.’s deteriorating fiscal situation is threatening to spoil Wall Street’s good mood. Investors sold U.S. government bonds and the dollar on Monday, after Moody’s Ratings late last week stripped the U.S. of its last triple-A credit rating, citing large budget deficits and rising interest costs.
America’s Fiscal Situation Threatens the Good Mood on Wall Street

2 weeks ago | wsj.com | Sam Goldfarb |Hannah Lang

Though stocks ended the session higher, selling pushed up yields on longer-term Treasurys, which rise when bond prices fall. The yield on the 30-year bond briefly topped 5% before settling just below that threshold, still near its highest level of the year. The yield gains extended a weekslong climb, fueled by a mix of receding recession fears, persistent worries about inflation and growing concerns that wider deficits will necessitate ever-larger bond auctions.
America’s Fiscal Situation Threatens the Good Mood on Wall Street

2 weeks ago | fnlondon.com | Sam Goldfarb |Hannah Lang

America’s Fiscal Situation Threatens the Good Mood on Wall StreetYields on longer-term Treasurys extend recent gains after the U.S. lost its last triple-A credit rating Published May 19, 2025 at 8:00 PM ET The U.S.’s deteriorating fiscal situation is threatening to spoil Wall Street’s good mood.
五张图表解析美股估值究竟有多高？

2 weeks ago | cn.wsj.com | Sam Goldfarb

本文深入分析了当前股市的估值，包括市盈率、盈利收益率与美国国债收益率的对比，以及历史数据对未来股市表现的预测。美国股市已消化了总统特朗普(Trump)关税政策带来的初期冲击，收复全部失地。然而，这也重新点燃华尔街今年早些时候的担忧：按常见的指标衡量，目前美股的估值已经非常高。在近年美股大幅上涨之后，一些分析师在2025年初表示担忧，认为高估值使股价特别容易受到任何经济困境迹象的影响。即便在近期反弹后，美股市场今年以来的回报率仍略逊于债市。Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8立即订阅热门文章热门视频