Downgrades

DSHR's Blog · 11 hours ago · discuss

10-year Treasury yield Recently, interest rates for government debt have been rising worldwide. As I write the yield of the 10-year US treasury is over 5%. It had been below 4.5% for over a year when, in March, it started a steady rise. This is despite (and probably because of) Scott Bessent's efforts to force it lower, which JP Morgan compared to 'paying your mortgage with your credit card'. Source A big part of the reason is governments persistently borrowing to cover deficits, with no plan to reduce them. For example, the Trump administration has borrowed more than the growth...