{"id":5648,"date":"2026-08-18T19:41:37","date_gmt":"2026-08-18T19:41:37","guid":{"rendered":"https:\/\/nationwideinterstatemovers.com\/?p=5648"},"modified":"2026-08-18T19:41:37","modified_gmt":"2026-08-18T19:41:37","slug":"trump-drives-key-u-s-rate-to-level-not-seen-since-before-2007-financial-crisis","status":"publish","type":"post","link":"https:\/\/nationwideinterstatemovers.com\/?p=5648","title":{"rendered":"Trump Drives Key U.S. Rate to Level Not Seen Since Before 2007 Financial Crisis"},"content":{"rendered":"
\n

President Donald Trump\u2019s disastrous second stint at the White House has set off a market fireworks display not seen since the eve of the 2007 financial crisis that cratered the global economy.<\/p>\n

Read more Fox Business Guest Drops Black Monday Warning for Trump Economy<\/a><\/p>\n

In simple terms, investors are reluctant to lend the government money, and are demanding more in return. That innocent-sounding tidbit signals that everything from mortgages to car loans and credit cards is about to get more expensive. <\/p>\n

\n

It\u2019s happened partly because of the carnage Trump, 80, has inflicted by borrowing more cash himself, going to war with Iran, failing to curb inflation, and handing out favors to his pals in the AI industry. <\/p>\n<\/div>\n

The shift slams hard into the president\u2019s claims of having ushered in a veritable golden age of U.S. economics. He told a Las Vegas rally earlier this month that his administration has achieved the \u201cgreatest economy we\u2019ve ever had by far,\u201d with only a touch less self-assurance than when he told Fox Business in February that \u201cI think we have the greatest economy actually ever in history.\u201d<\/p>\n

Washington has long spent more than it brings in. To cover some of the gap, it borrows, selling bonds to investors who hand over cash now in return for that money back, plus interest, at the end of a fixed term. What the government pays those lenders is called the \u201cyield,\u201d and the market sets it. When lending to Washington looks risky, investors demand more. When it looks safe, they\u2019ll accept less.<\/p>\n

The yield on 30-year bonds issued by the U.S. Treasury hit 5.327 percent on Tuesday, Reuters reports. That\u2019s a whisker below where it stood in 2007, when it topped out at 5.44 percent just before the global financial system began to fall apart.<\/p>\n

What came next was more than a decade of cheap money. Central banks cut interest rates to the bone just to keep people spending and economies moving, and borrowing money stayed unusually cheap for years. Because the 30-year Treasury yield is considered the benchmark for long-term borrowing across the country, Tuesday\u2019s figure is a sign the cheap era is finished, and that getting financial help is going to cost everyday Americans more for a long, long time.<\/p>\n

Read more CNN Data Guru Finds Even More Bad News for Trump in His Poll Plunge<\/a><\/p>\n

A key factor driving the 30-year-yield up has been how much Trump is borrowing for his MAGA agenda. At $827 billion, the government now spends more on interest payments to lenders than on the military. Every new bond his administration sells adds to a pile investors already worry it might not be able to pay back, and so the more it borrows, the more it has to pay to get their money.<\/p>\n

The president\u2019s war with Iran, now in its sixth month, has only made things worse. The Strait of Hormuz, through which roughly a fifth of global oil supply passes each year, has remained closed throughout the conflict. Costs soared above $90 a barrel on Tuesday, and when oil costs more, everything it helps make, grow, or move does too. <\/p>\n

Rising prices across the board are what\u2019s known as inflation, which also spooks investors because it eats into what they\u2019d get in return for lending to the government. Trump has failed to rein that in as well, with the Federal Reserve\u2019s measure of inflation leaping 3.4 percent through July. <\/p>\n

Trump has also been at pains to boost the AI sector since retaking the White House. That effort has seen tech giants build AI data centers on a colossal scale and borrow money at a rate to match from the same investors the government is otherwise courting. When two big borrowers compete, the lender gets to name their price, driving up the yield.<\/p>\n

\n

Tuesday\u2019s shift comes ahead of November\u2019s crucial midterm elections, when Republicans face what will be a bruising battle to retain control of the House and Senate. Voters have consistently ranked the economy, and in particular cost-of-living concerns, as a chief anxiety ahead of those polls, handing Democrats a stonking eight-point lead on the generic Congressional ballot. <\/p>\n

Read more ICE Goons Busted Using Badges to Sexually Abuse Victims<\/a><\/p>\n<\/div>\n

The Daily Beast has contacted the White House for comment on this story. <\/p>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump\u2019s disastrous second stint at the White House has set off a market fireworks display not seen since the eve of the 2007 financial crisis that cratered the global economy. 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