The yield on US government long-term debt surpassed 5 percent on Monday, marking its highest level since October 2023, before easing slightly. This increase comes in the wake of Moody’s recent downgrade of the US sovereign credit rating, citing the substantial growth in federal debt over the past decade, according to BBC.

At the same time, Congress is advancing tax and spending legislation expected to increase the national debt beyond the current $36trn, highlighting persistent concerns over fiscal stability.