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Treasury yields above 5% are raising fears that higher borrowing costs could fuel a debt spiral.
U.S. Treasury Yields Surge to 32-Year High as Allies Turn Net Sellers France, Japan, and South Korea Lead Historic Shift in U.S. Treasury Sales Amid Rising Yields and Geopolitical Shifts
Bond yields just hit levels unseen since 2002, and a weak jobs report that should have pushed them lower did the opposite. Three forces are quietly combining to make Washington's borrowing costs spiral in a way the Fed cannot simply fix by raising rates.