LIVE: US Treasury Yields Hit 5% as Bessent Testifies | Is Trump’s Economy in Trouble? | US News
🔴 US ECONOMY LIVE: A major warning signal is flashing across U.S. financial markets as 10-year Treasury yields climb above 5%, putting renewed focus on America’s debt, inflation and borrowing costs.
Treasury Secretary Scott Bessent is testifying before Congress at a critical moment for the U.S. economy. Reuters reports that yields have surged amid expectations of higher interest rates, heavy government debt issuance, rising energy prices and concerns over America’s long-term fiscal outlook. The Federal Reserve’s latest policy meeting adds another layer of uncertainty, with economists increasingly expecting a rate hike as inflationary pressures intensify.
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