Commodities
Middle East Tensions Send Global Markets Reeling
The global economy is facing increasing uncertainty as oil prices rise and stocks slide due to ongoing violence in the Middle East.
The US government's debt has surpassed $40 trillion, with defense costs and interest on the burgeoning deficit making up a significant share of federal spending.
Investors are demanding higher yields from governments worldwide, with Japan's 10-year bond yield reaching 3%, a level not seen since 1996, and Germany's 10-year bond yield also rising to 3%, a 15-year high.
The US Treasury's two-year yield rose to 4.35% on Tuesday, while the 10-year Treasury yield climbed to 4.79%, its highest level since January 2025.