The Geopolitics Behind Rising U.S. Bond Yields

Hollow threats of an economic D-Day just add to this summer’s list of doubts about investing in Donald Trump’s America.

By Christopher Smart, a managing partner of the Arbroath Group, an investment strategy consultancy, and was a senior economic policy advisor in the Obama administration.

People look an American Flag display in Times Square, New York, on April 11, 2025.

People look an American Flag display in Times Square, New York, on April 11, 2025. Angela Weiss/AFP via Getty Images

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The Geopolitics Behind Rising U.S. Bond Yields

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