Amid soaring interest rates on government bonds due to concerns over U.S. sovereign debt, which has - 매일경제
Amid soaring interest rates on government bonds due to concerns over U.S. sovereign debt, which has - 매일경제
Source: 매일경제
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DW NOTE
The 10-year Treasury yield is at 5.31%, up 27% year-over-year. That's what happens when you run a $1.97 trillion deficit while the Fed contemplates rate hikes instead of cuts. Markets aren't worried about U.S. sovereign debt — they're repricing the cost of financing it when the central bank has lost control of the narrative.