The bond sell-off arrives at a moment of heightened volatility in Treasury markets. Long-term bond yields soared last month in the immediate aftermath of Trump's "Liberation Day" tariffs. ????? ???????

In addition to extending the 2017 Trump tax cuts, the "One Big Beautiful Bill Act" contains changes to Medicaid and immigration policy, among other measures. Republican members of the House are aiming to pass the bill by Memorial Day. ????????????  

The sell-off on Wall Street coincided with a surge in bond yields, which in turn raised the cost of U.S. borrowing and stoked investor fears about the wider impact across the economy. ?????  

Stocks closed down significantly on Wednesday as bond yields spiked amid deficit concerns centered on a tax cut measure under consideration in the U.S. House as part of a megabill supporting President Donald Trump's second-term agenda. ????? ???????  

Irsay began his football life as a ball boy after his late father, Robert, acquired the team in a trade with the late Carroll Rosenbloom, who took over the Los Angeles Rams. The younger Irsay then worked his way up, becoming the youngest general manager in NFL history at age 24. He succeeded his father as owner in early 1997. ????????????