Billionaire John Arnold, former star Enron trader and founder of Arnold Ventures, warned that a crisis will occur at some point. The U.S. bond market is sending a clear message to Treasury Secretary Scott Bessent as the national debt reaches 40 trillion dollars. Bessent’s recent attempts to calm a massive selloff in long-term U.S. government bonds have proven unsuccessful. Yields have reached a two-decade high, reflecting eroding investor confidence in the government’s ability to manage this massive debt.
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