Morning Briefing Plus: Big Beautiful Debt Implosion – Trump's Flirtation with Financial Disaster
Former CIA chief William Burns describes current US policy as "suicide of a major power". After last week's events, he must feel vindicated.
Global events have overshadowed a significant development in the US economy. The yield on 30-year US government bonds rose to 5.31 percent on Wednesday, the highest level since 2007. This increase indicates investors' growing distrust in the US government's ability to manage its debt, prompting US Finance Minister Scott Bessent to intervene. The US government plans to issue short-term bonds to buy long-term debt securities, aiming to lower yields and prevent rising credit costs from impacting the economy.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
