US 30-Year Yields Cross 5% as Fed Leadership Vacuum Deepens Sovereign Debt Risk
US 30-year Treasury yields crossed 5% while UK gilts hit their highest levels since the 1990s, driving a broad equity selloff. The Federal Reserve faces a leadership vacuum as Jerome Powell's term expires and Stephen Miran resigns. Nobel economist Daron Acemoglu warns AI will deliver only marginal productivity gains, leaving structural inflation without a relief valve.
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