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US Treasury yields hit 19-year high amid rising debt concerns
US Treasury yields have surged, with 30-year yields hitting a 19-year high above 5.3%. This volatility is driven by concerns over rising inflation, geopolitical tensions in the Middle East, and the massive US fiscal deficit. The July budget deficit reached $432.3 billion, the highest monthly level since March 2021, contributing to a national debt that exceeded 100% of GDP.
Interest payments on the nearly $40 trillion national debt are projected to exceed $1 trillion this year. This rising cost of debt is creating global pressure, with long-term bond yields also hitting multi-decade highs in Japan, Germany, and France.
To stabilize markets and prevent a massive sell-off of US Treasuries, the US and Japan recently engaged in a joint foreign exchange intervention to support the yen. US Treasury Secretary Scott Bessent has indicated efforts to reduce the deficit and manage Treasury supply to mitigate further interest rate hikes.
Entities
Deutsche Bank · Federal Reserve · Japan Ministry of Finance · Scott Bessent · United States Treasury
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [DISPUTED] Japan's 10-year government bond yields reached a 30-year high cafebiz.vn
- [○ 1 SOURCE] German 30-year bond yields reached their highest level since 2011 cafebiz.vn
- [● 2 SOURCES] US July budget deficit rose to $432.3 billion cafebiz.vn · cafef.vn
- [● 2 SOURCES] The US and Japan conducted joint foreign exchange intervention to support the yen www.hani.co.kr
- [○ 1 SOURCE] US national debt reached $31.265 trillion as of March www.hani.co.kr
- [● 2 SOURCES] US interest payments on national debt are expected to exceed $1 trillion this year cafebiz.vn · www.hani.co.kr
- [● 4 SOURCES] US 30-year Treasury yields reached a 19-year high, exceeding 5.3% cafebiz.vn · cafef.vn · www.hani.co.kr
- [○ 1 SOURCE] French 30-year bond yields reached their highest level since 2008 cafebiz.vn