US Treasury Yields Hover Near 20-Year Highs as Global Rates Rise on Inflation and Deficits
Updated
Updated · The New York Times · Sep 11
US Treasury Yields Hover Near 20-Year Highs as Global Rates Rise on Inflation and Deficits
3 articles · Updated · The New York Times · Sep 11
Summary
US Treasury yields are lingering around levels not seen in decades, extending a global rise in interest rates that is rippling through borrowing costs, markets and public finances.
High inflation is the main driver, reinforced by war-linked energy shocks, spiking oil prices, punitive tariffs, rapid economic growth and a broader rise in perceived global risk.
Large government deficits are adding pressure by swelling bond supply, a dynamic that helps push yields higher as investors demand more return to absorb new debt.
The move matters far beyond bond traders: higher yields raise costs for consumers, businesses and taxpayers, while bond prices fall as rates climb.