Jumpy bond markets make it clear: Trump risks driving US into debt crisis | Heather Stewart
“Look, there’s nothing magic about that $40tn number,” the US Treasury secretary, Scott Bessent, advised CNBC insouciantly final week, because the nation’s debt mountain surpassed one other bleak report. Yet Bessent’s choice to intervene in authorities bond markets in an effort to fight hovering yields belied his studied calm in TV interviews – and reignited…