World · 5 hours ago
Rising bond yields threaten Trump's midterm campaign with affordability crisis
Long-term bond yields are climbing across advanced economies, causing concerns about an “Affordability 2.0” crisis before the midterms. The 10-year Treasury yield, a benchmark for mortgages and car loans, climbed above 4.8% this week. Voters are blaming President Trump for higher interest rates and the cost of living, with 71% disapproving of his handling of the economy.
Reported by Fortune · How we write briefs