Treasury yields hit highest level since 2007 as IMF warns on interest costs
Borrowing costs rose again as Treasury yields climbed to levels not seen since 2007, while the IMF warned about growing interest burdens on federal finances.
Treasury yields climbed Wednesday to their highest levels since 2007, pushing up U.S. borrowing costs. The IMF warned about the impact of rising interest expenses as the federal government has already spent more on net interest than on Medicare or the military so far this fiscal year.