Linda Bilmes

Trends

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US Treasury Yields Hit 2007 Levels Amid Iran War, Deficit Fears●🟠 UPDATE US Treasury Yields Hit 2007 Levels Amid Iran War and Deficit Concerns Harvard Professor Linda Bilges estimatesMmastodon Business Markets510 h ago
US Treasury yields have climbed to levels last seen in 2007, with investors rattled by the Iran war and ballooning federal deficits. Harvard professor Linda Bilmes estimates the conflict is costing US taxpayers roughly $2 billion per day, with a potential total of $1 trillion. Commentators are warning that war spending combined with borrowing concerns is driving up government debt costs.