US Government Borrowing Costs Hit Near 20-Year High After Trump's Iran Threat

Trump's "economic D-Day" vow against Iran pushed the interest rate on 30-year US government loans above 5.25 percent, near a 20-year high. Treasury Secretary Bessent doubled debt buybacks to $4 billion, but markets stayed nervous. Analyst Frederic Schneider described a "buyers' strike" since June, fueled by the federal deficit, AI-related corporate borrowing, and rising oil prices. US debt exceeds $40 trillion.