US bond yields continue to climb
Most experts have attributed the increase to worries about debt levels and inflation.
US bond yields have continued to rise, reaching levels not seen since before Washington's buyback efforts aimed at curbing borrowing costs. This development, according to Bloomberg, "sends a clear message: It’ll take more than an out-of-schedule tweak… to soothe investors." Experts have attributed the increase to concerns about debt levels and inflation, although WSJ's chief economics commentator pointed out that other major countries are also facing similar issues.
One commentator suggested that rising yields may indicate traders' growing confidence in US economic growth.
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