Here’s how much worse U.S. debt could get as Treasury yields surge to the highest levels in two decades
Soaring Treasury yields are raising concerns in Congress as their precipitous rise in recent months further darkens the outlook for U.S. debt. The 10-year yield shot up to 5.23% on Friday, the highest level since 2007 and more than a full percentage point since right before the Iran war started. Meanwhile, the 30-year yield hit…