Washington’s Borrowing Costs Become Everyone’s Problem | Geopolitics Weekly - Geopolitical Monitor
Washington’s Borrowing Costs Become Everyone’s Problem | Geopolitics Weekly - Geopolitical Monitor
Source: Geopolitical Monitor
―
DW NOTE
Washington's debt service hit $882 billion in fiscal 2024 — more than it spent on defense. Now the 10-year Treasury yields 5.18%, up 24.5% year-over-year, and the deficit is running at $1.9 trillion. When the reserve currency issuer can't fund itself cheaply, every sovereign credit curve reprices.