EconomyBad money decisions are coming home to roost for the US and Japan
The US Treasury market is under strain, oil prices have surged and the yen could weaken again. Whatever Treasury Secretary Scott Bessent may have said, the US government is not large enough to be the house that always wins while repairing global markets. The 10-year Treasury yield briefly hit 5.04% last week, its highest level since 2007.
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South China Morning Post★★★★☆2026-09-23 12:30Original
Bad money decisions are coming home to roost for the US and Japan
Economy