Fiscal fears push bond yields higher as stocks fall

Global concern about America’s fiscal health and how long it will retain its status as an economic safe harbor triggered bond yields to push higher yesterday after a 20-year auction saw a muted reaction.

The long-term outlook for the U.S. is taking a hit as analysts eye America’s $36.2 trillion national debt burden. Debt-to-GDP is expected to spiral to all-time highs in the coming decades.

The fears are partly down to the “big, beautiful bill” President Trump is trying to encourage Congress to pass.