Trump's retreat: bond selloff, bomber withdrawal, and midterm trouble
Rising US borrowing costs, a bomber pullback from the UK, and sinking poll numbers all point to a bad stretch for Trump and Republicans — and for anyone holding US debt.
- Long-term US government bond yields hit their highest level in decades as France, Japan, and South Korea turn into net sellers of US debt.
- Heavy deficit spending plus talk of more war means more borrowing, and fewer foreign buyers willing to fund it.
- Long-range bombers were pulled out of the UK over an unspecified threat, while Israel weighs another strike on Iran without US help.
- Gas prices and the cost of living are hammering Trump's approval — deep red Kansas now has a competitive Senate race, and Texas is tightening too.
- Turkey and Pakistan are sending troops to Saudi Arabia, pulling more countries into the Middle East fight.
Outlook: With midterms a month out and borrowing costs still climbing, expect more pressure on both the bond market and Republican candidates.