US Treasury Yields Hit Multi-Decade Highs as Debt Nears $40 Trillion, Charlie Bilello Says Government Spending ‘Like Drunken Sailors’
US borrowing costs hit multi-decade highs last week as a record July deficit and $40 trillion debt pushed Treasury yields higher.
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Why It Matters
The US government is borrowing more money than ever before, so the interest rates it pays are really high right now. When the government borrows a lot, it can affect how expensive it is for companies and people to borrow money too.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.