Economic TimesLean R·
High Treasury yields put US fiscal outlook under spotlight
Persistently high US Treasury auction yields are raising the cost of refinancing government debt and funding future deficits as investors demand greater compensation to absorb rising borrowing needs. Recent 10-year and 30-year auctions saw yields hit multi-year highs, though resilient demand suggests there is no broad buyer strike. The key concern for Washington is the growing cost of servicing a large and persistent fiscal deficit.
Read at Economic Times →
