US debt worries mount as markets react to economic signals
Concerns about US debt intensify while global markets digest mixed economic data and shifting asset prices.
US debt concerns are rising as Treasury Secretary Bessent faces a challenging start in the role. Global economic indicators show a mixed picture, with strong export data from Japan, Taiwan and Malaysia, while Australian inflation expectations rise and the jobs market eases. Key asset prices have moved, with the US 10-year Treasury yield at 4.70 per cent, and gold and oil prices up.
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Breakfast briefing: US debt worries mount
Bessent moves off to a rocky start; US data positive; Japan, Taiwan and Malaysia exports strong; Australian inflation expectations rise, jobs market eases; UST 10yr at 4.70%; gold and oil prices up; NZ$1 = 59.4 USc; TWI-5 = 62.9