US Treasury Yields Hit Multi-Decade Highs as Debt Nears $40 Trillion, Charlie Bilello Says Government Spending ‘Like Drunken Sailors’

Closeup one hundred US dollar bills under gold magnifying glass, finance conept

U.S. Treasury borrowing costs climbed to multi-year highs last week, with the 30-year bond yield at auction reaching its highest level since 2001 as investors digested a record July budget deficit and a national debt nearing $40 trillion.

A Decade of Runaway Spending