Morning Briefing Plus: Big Beautiful Schuldenknall – Trumps Flirt mit dem Finanzdesaster
Der frühere CIA-Chef William Burns beschreibt die aktuelle Politik der USA als „Selbstmord einer Großmacht“. Nach den Ereignissen der vergangenen Woche kann er sich bestätigt fühlen.
This week, the world experienced a tremor on the Richter scale of major global crises, barely registering on the scale. Wars and trade disputes dominate our attention: rockets falling night after night on Kyiv, conflicts in the Hormuz Strait, trade disputes and threats of sanctions. Beyond the headlines from these tension points, a transformation is taking place that could just as strongly, if not more, shape the future.
Interest rates on America's debt crossed a critical threshold on Wednesday. For 30-year Treasury bonds, the yield rose to 5.31 percent, the highest level since 2007. Investors are expressing distrust, no longer willing to fund America's ballooning spending without a risk premium. In response, US Treasury Secretary Scott Bessent was forced to act.
The plan involves issuing short-term bonds to buy long-term debt securities, effectively pushing down yields. The US government aims to prevent credit costs from rising further, such as for real estate, and to keep the economy from being burdened. But this is akin to a construction company attempting to shore up a wall at risk of collapse with a fresh coat of paint.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
