Treasury 10-year yields may climb to 6% for the first time in more than two decades as US fiscal woes worsen and Donald Trump’s policies help keep inflation elevated, according to T. Rowe Price.

The benchmark yield may first reach 5% in the first quarter of 2025 before potentially climbing further, Arif Husain, chief investment officer of fixed-income, wrote in a report. Husain is doubling down on calls for higher yields, citing persistent US budget deficits as Trump cuts taxes during his second presidency, as well as potential tariffs and immigration policies that would sustain price pressures.

“Is a 6% 10‑year Treasury yield possible? Why not? But we can consider that when we move through 5%,” wrote Husain, who helps the money manager oversee $187 billion. “The transition period in US politics is an opportunity to position for increasing longer‑term Treasury yields and a steeper yield curve.”

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10-Year Treasury Yield may soar to 6%, warns T. Rowe Price. The last time this happened? 2000.

Probably Fine pic.twitter.com/NF2XJj27uS

— Barchart (@Barchart) December 17, 2024

Americans’ confidence in their nation’s judicial system and courts dropped to a record-low 35% in 2024.

The result further sets the U.S. apart from other wealthy nations, where a majority, on average, still expresses trust in an institution that relies largely on the public’s confidence to protect its authority and independence.

Between 2006 and 2020, Americans’ perceptions of their courts were most often in line with the median for OECD (Organisation for Economic Co-operation and Development) countries, with a majority in each typically expressing confidence.

Since 2020, confidence in the courts across the other OECD countries has been stable, while the U.S. has seen a sharp decline — 24 percentage points — in the past four years. The resulting 20-point gap in confidence between the U.S. and the median of OECD nations in 2024 is the largest in the Gallup trend, which dates to 2006.

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Americans' confidence in the nation's courts and judicial systems has plummeted 24 percentage points in the past four years, sagging to a record low, per a new Gallup poll.

https://t.co/qAklPE19Su

— Mike Walker (@New_Narrative) December 17, 2024

O Lord our God, in whose hands is the issue of all things, and who requirest from thy stewards not success but faithfulness: Give us such faith in thee and in thy sure purposes, that we measure not our lives by what we have done or failed to do, but by our obedience to thy holy will; through Jesus Christ our Lord.

—Daily Prayer, Eric Milner-White and G. W. Briggs, eds. (London: Penguin Books 1959 edition of the 1941 original)

Guten Morgen mit einer kleinen Winterimpression aus Danzig.#Polen pic.twitter.com/bmlrEn8Ewv

— Thomas Stiegler (@StieglerThomas) December 18, 2024

The beginning of the gospel of Jesus Christ, the Son of God.

As it is written in Isaiah the prophet,

“Behold, I send my messenger before thy face,
who shall prepare thy way;
the voice of one crying in the wilderness:
Prepare the way of the Lord,
make his paths straight”
John the baptizer appeared in the wilderness, preaching a baptism of repentance for the forgiveness of sins. And there went out to him all the country of Judea, and all the people of Jerusalem; and they were baptized by him in the river Jordan, confessing their sins. Now John was clothed with camel’s hair, and had a leather girdle around his waist, and ate locusts and wild honey. And he preached, saying, “After me comes he who is mightier than I, the thong of whose sandals I am not worthy to stoop down and untie. I have baptized you with water; but he will baptize you with the Holy Spirit.”

–Mark 1:1-8

✨It rarely gets the centre of attention because of the lantern tower but the 12th Romanesque nave at Ely Cathedral is jaw-dropping – so I put my tilt-shift lens to use..📸 pic.twitter.com/5HGKtAKhFp

— Andy Marshall 📸 (@fotofacade) December 18, 2024