Source: Responsible Statecraft
by Karthik Sankaran
“For years now, the United States has justifiably wanted its allies to pick up a bigger share of the burden of their own defense. But as America now asks its partners to boost military spending to 5% of GDP, the sheer scale of these demands — especially on allies in East Asia — could push yields higher on U.S. Treasury bonds at a time when they are already under pressure by skeptical global bond investors and ratings agencies.” (06/12/25)