U.S. 20-year bond yields hit their highest since November 2023 of 5.127% following the auction. The dollar consequently extended loses against the euro and yen.

The dollar fell against a broad swathe of currencies on Wednesday, undermined by worries about the Trump administration's tax cut and spending bill, as well as a weak 20-year Treasury bond sale ...

A new bill under consideration in the General Assembly would put the measure on the November 2026 ballot for voters to decide whether to increase the minimum wage to $20 an hour.