Treasury Intervenes as Bond Market Panics at $40 Trillion Debt

Treasury Intervenes as Bond Market Panics at $40 Trillion Debt
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Treasury Intervenes as Bond Market Panics at $40 Trillion Debt

The U.S. bond market convulsed as the national debt crossed the $40 Trillion mark, sending yields higher, pushing borrowing costs up, and forcing a rare Treasury intervention as markets questioned the sustainability of Washington’s fiscal path. Markets reacted violently when the national debt reached $40 Trillion, with long-term Treasury yields spiking and investors dumping lower-quality...