Finance & economics | Buttonwood

Will bond vigilantes come for America’s next president?

Treasury yields are rising ominously

Bald eagle crest symbol holding a red and blue bag in each hand. A hand is batting its head with a newspaper roll
Illustration: Satoshi Kambayashi

With just days left before America’s presidential and congressional elections, market participants are abuzz with discussion of what the various results might mean for everything from trade and defence to tax and regulation. But the Treasury market, which ultimately underpins much of global finance, is of particular interest.

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This article appeared in the Finance & economics section of the print edition under the headline “Reincarnation time”

From the November 2nd 2024 edition

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