Why 10-year Treasury note is taking a hit as Germany ramps up military spending
Germany is about to enter what its next chancellor, Friedrich Merz, calls a historic “whatever it takes” moment of significant fiscal expansion to ramp up military spending and boost its economy. This is driving up the country’s 10-year bond yield and making long-term U.S. debt look relatively less appealing.
Germany is about to enter what its next chancellor, Friedrich Merz, calls a historic “whatever it takes” moment of significant fiscal expansion to ramp up military spending and boost its economy. This is driving up the country’s 10-year bond yield and making long-term U.S. debt look relatively less appealing.
