The US Is Entering a Debt Spiral | Mises Institute

There are many factors that affect the yield on government bonds. Yet, it is surely no coincidence that we continue to see yields climb as the federal government churns out new government debt at a breakneck speed never before seen during peacetime. The benchmark 10-year Treasury yield—i.e., the interest taxpayers must pay on new government debt—reached an average of 4.38

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