The 10-year Treasury yield climbed to 5.23% and the 30-year to 5.49%, the highest levels since 2007 and 2004 respectively, prompting the Congressional Budget Office to model a scenario in which publicly held debt reaches 222% of GDP by 2056 and the total deficit swells to 14% of…
Treasury Yields Hit Two-Decade Highs as CBO Warns U.S. Debt Could Balloon to 222% of GDP
The 10-year Treasury yield climbed to 5.23% and the 30-year to 5.49%, the highest levels since 2007 and 2004 respectively, prompting the Congressional Budget Office to model a scenario in which publicly held debt reaches 222% of GDP by 2056 and the total deficit swells to 14% of GDP.
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