“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 New York Times reports.
“The yield on the 10-year Treasury bond, considered one of the most important interest rates in the world, jumped this week to 4.7 percent, up from less than 4 percent before the start of the war in Iran in late February. It was 4.6 percent on the day Mr. Trump returned to the White House in January 2025.”
“The yield underpins borrowing costs across debt markets, from corporate bonds to mortgage loans, and its rise complicates Mr. Trump’s plans to keep costs affordable for companies and households across the United States.”
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