Today: USA provoke financial crisis | Election campaign in France
US Treasury Secretary Scott Bescent's handling of America's debt problem is scaring investors. And: France's top presidential candidates met for the first time.
Global financial markets were jolted by three events over a week ago. Yields on 30-year US Treasury bonds hit 5.33%, their highest since the 2007 financial crisis, on August 18. The following day, US national debt exceeded $40 trillion and US Treasury Secretary Scott Bessent announced a doubling of buybacks of long-term US Treasury bonds to calm the markets. However, this intervention drew attention to the US growing debt problem and its potential risks to the global 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.
