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US Debt Surge Triggers Yield Alarm and Rare US-Japan Yen Intervention

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Surging US debt approaching $40 trillion and escalating refinancing costs past $963 billion pressure Treasury yields.
  • Treasury Secretary Bessent deployed heavy bill issuance and a joint US-Japan currency intervention to prevent Japanese Treasury liquidations, amid growing Wall Street skepticism over long-term fiscal stability.
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USDJPY price history

154.48 -0.87% over the displayed period

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