Why Are Yields on U.S. Treasury Bonds Rising?
The fluctuations could have huge impacts on the U.S. and global economy.
The yield on the 30-year U.S. Treasury bond has surged to a 19-year high of 5.33 percent, raising questions about the factors behind this increase. According to Cameron Abadi, this may be a result of factors such as excess bond supply, waning demand, or inflation concerns. Abadi argues that the bond market is driven by a combination of these forces, including the issuance of new debt by both private and government entities.
The Treasury Secretary, Scott Bessent, brings his background as a bond trader to his role, potentially influencing his efforts to lower interest rates.
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