Treasury yields are blowing up CBO forecasts, and experts who downplayed US debt fears are worried - Fortune — SkimNews
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- Treasury yields are blowing up CBO forecasts, prompting experts who had previously downplayed U.S. debt fears to publicly express worry, according to Fortune.
- The 10-year Treasury yield reached its highest level since 2007, with WSJ reporting stocks declined as yields climbed across the curve.
Why it matters: With 10-year yields hitting a 17-year high and surpassing CBO baseline assumptions, the cost of servicing U.S. debt is accelerating faster than Washington's official projections — forcing a rethink among analysts who long argued debt fears were overblown and putting pressure on equity valuations already reacting to higher rates.
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