U.S. stocks were slipping Thursday and Treasury yields edged up after the House of Representatives advanced President Donald Trump's tax bill. Investors are worried that the Trump administration’s signature tax and spending bill could be bad news for the economy, particularly after Moody’s took away its triple-A rating on U.S. debt. The yield on the 10-year U.S. Treasury note rose to 4.618% in early trading, while 30-year yields were at 5.15%, having hit their highest level since October 2023 on Wednesday.
