US Long-Term Borrowing Costs Hit 2004 High as Energy Prices Squeeze Fed
📉 TREASURIES — The blockade is now repricing US debt, not just crude. 📌 LOOK CLOSER: EY-Parthenon's Daco names energy prices as a bond yield driver the Fed cannot suppress with rate hikes — tightening into an oil shock deepens recession risk without killing inflation. Sustained Hormuz disruption means the fiscal cost of the war is compounding: military posture plus elevated borrowing costs. Washington's negotiating timeline just got a domestic price tag.
