EconomyWhy the era of cheap government debt is over
US debt has surpassed $40 trillion as investors grow more wary of the country’s borrowing trajectory. Norway’s sovereign wealth fund reportedly plans to cut its US bond holdings by about $80 billion, while the 30-year Treasury yield has approached 5.4%. Economists say investors still have no immediate alternative to US markets, but financing and interest costs are mounting.
Why the era of cheap government debt is over
Economy