The brief
- US long-term borrowing costs hit their highest level in almost 25 years on Tuesday
- Trump cancels nearly $1bn in US spending using rare ‘pocket rescission’ power: What is it?
- Trump seeks to withhold $800 million in Congress-approved funds
- Indian 10-year bond yield hits a four-month high ahead of ₹34,000 crore auction
- US long-term borrowing costs touch highest level since 2004