Yields on US government bonds rose in response to the news, with the benchmark 10-year Treasury yield up 0.03 percentage points after the announcement to 4.48 per cent. The rise in yield represents a fall in price.
Yields on US government bonds rose in response to the news, with the benchmark 10-year Treasury yield up 0.03 percentage points after the announcement to 4.48 per cent. The rise in yield represents a fall in price.
The money is based on faith. If people lose faith, it’s worthless and the US is in fact bankrupt. Taking on the entire world in a trade war and then passing a huge tax cut at the same time makes people think the country is unstable and they lose faith.