Crucial Interest Rate Jumps to Highest Level of Trump’s Second Term
Source: The New York Times · 2026-07-24
The yield on the 10-year Treasury bond has risen steadily this year, as the Iran war rages, government spending worries intensify and artificial intelligence spending boosts growth.
President Trump returned to office promising lower costs across the economy, but an important interest rate that his administration cites as a barometer of its success recently hit its highest level of Mr. Trump’s second term. The yield on the 10-yea... [1489 chars]