> Confidence in the US economy is plummeting as investors dumped government debt amid growing concerns over the impact of Donald Trump's tariffs.
> Governments sell bonds - essentially an IOU - to raise money from financial markets for public spending and in return they pay interest.
> The US does not normally see high interest rates on its debt as its bonds are viewed as a safe investment, but on Wednesday rates spiked sharply to touch 4.5%
Also see: https://www.bbc.com/news/articles/c5yrr0e7499o
> Confidence in the US economy is plummeting as investors dumped government debt amid growing concerns over the impact of Donald Trump's tariffs.
> Governments sell bonds - essentially an IOU - to raise money from financial markets for public spending and in return they pay interest.
> The US does not normally see high interest rates on its debt as its bonds are viewed as a safe investment, but on Wednesday rates spiked sharply to touch 4.5%