Bond market meltdown shows MAGA needs a deficit-reducing response before Election Day

Published August 21, 2026 6:45am ET | Updated August 21, 2026 11:49am ET



International markets are rattled by global events. That was made clear by the Aug. 18 widespread global selloff of U.S. Treasury securities, raising 30-year yields to roughly 5.34%, the highest level since 2007.

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