Header and navigation menu

Page content

Why bond markets are unnerving rich-world politicians

Bond markets are unsettled, and so, in turn, is America’s government. On 19 August, the Treasury said that from next month it would increase its own purchases of longer-dated debt. This reflects “increasing administration unease” about yields, analysts at Deutsche Bank believe. Officials have good reason to worry about rising borrowing costs. The yield on ten-year Treasuries reached its highest since January 2025 on 18 August. [...]