US debt nears 40T as Bank of America warns
The U.S. national debt is approaching a record level of nearly $40 trillion, with expectations that it will surpass this threshold within days. The rise in yields on 10- and 30-year Treasury bonds, which have reached 4.6% and 5.2% respectively, reflects increasing concerns about the sustainability of the U.S. government’s financial position. Analysts believe that the growing debt and the government’s need to refinance its obligations push up borrowing costs and reduce the attractiveness of long-term bonds. Meanwhile, some investors are exploring alternatives such as gold, stocks, and real estate as part of an "anything but bonds" strategy to confront rising yields and protect returns.
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