The Wenatchee World



The latest extended forecast from The Weather Channel

Remove this weather forecast


Hi39° Mostly Sunny


Lo23° Partly Cloudy


Hi35° Mostly Sunny

Thursday Night

Lo20° Partly Cloudy


Hi33° Slight Chance Snow Showers

Friday Night

Lo21° Slight Chance Snow Showers then Mostly Cloudy


Hi34° Mostly Sunny

Saturday Night

Lo23° Mostly Cloudy


Hi33° Slight Chance Snow Showers

Sunday Night

Lo23° Slight Chance Snow Showers

Federal default fears shake bond market

Send to Kindle
Print This

NEW YORK — Financial markets have been relatively calm despite the threat of global financial turmoil.

But nerves in one corner of the market have been rattled as Congress and President Obama move closer to a potential U.S. government default.

Yields on short-term Treasury bonds on Tuesday jumped to levels not seen since late 2008, when the financial world was in turmoil after the investment bank Lehman Bros. collapsed.

The one-month Treasury’s yield shot up to 0.33 percent Tuesday, up…

View my options or Sign in