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Trump blinks as big, bad bond market bares its teeth: McGeever

Wednesday, May 20th, 2026

U.S. President Donald Trump is discovering – yet again – just how unforgiving and powerful bond markets can be. A global selloff has swept through sovereign debt markets, as rising inflation has driven yields on long-dated bonds to their highest levels in decades. The 30-year U.S. Treasury yield on Wednesday hit 5.20%, the highest since [Read more]

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