Bond market inflation warning adds economic pressure on Trump ahead of midterm elections
By
Josh Boak
Right out the toaster. Reliable, with some real depth.
Summary
The article reports that rising bond market interest rates are creating economic pressure on the Trump administration, with 10-year Treasury yields climbing to 4.44% from 3.95% following the Iran war. This is driving up mortgage rates and worsening affordability, which poses a political risk for Republicans in the upcoming midterm elections. The bond market is signaling inflation concerns that could hamper economic growth.
Key quotes
· 3 pulledThe world is getting more uptight about lending money to President Donald Trump's government — causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November's midterm elections.
Interest rates on a 10-year U.S. Treasury note are topping 4.44%, up from 3.95% before the war started at the end of February.
Average mortgage rates have climbed to their highest levels in...
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