Commentary | The Three Main Lines of America's "Rescue of U.S. Treasuries"

As the total U.S. federal debt surpasses $40 trillion, long-term U.S. Treasury yields continue to climb. Recently, the U.S. 30-year Treasury yield rose intraday to a high of the 5.40% mark, setting a new high since June 2007, on the eve of the subprime mortgage crisis; the U.S. 10-year Treasury yield broke through 5% intraday, the first time since October 2023. Where will the world's largest sovereign debt standoff go from here?