Welcome to Markets Desk, your midday look at what's moving markets and policy.
Treasury yields are flashing a serious warning sign. The ten-year hit five point two three percent on Friday, the highest since two thousand seven, while the thirty-year climbed to five point four nine percent, last seen in two thousand four. With oil elevated and war-related spending pressures building, the debt trajectory is drawing sharp concern from Congress.
Staying on policy, the Medicaid work requirement provisions from this year's tax and spending law take effect in January, and several Republican-led states are going further than federal rules require. The friction point is medical frailty exemptions. Federal guidance allows self-attestation, but tougher state rules could force people who are too sick to work into an impossible situation where they cannot afford the doctor visit required to prove it.
Turning to corporate news, the chief operating officer of AST SpaceMobile sold twelve thousand shares at a weighted average price of fifty-eight dollars and eighty-nine cents, generating roughly seven hundred and seven thousand dollars. The sale comes after a forty-seven percent one-year run in the stock, making it a notable insider disposition worth watching for signals on near-term valuation comfort.
That's the tape. Markets Desk, signing off the floor.
