Steve Cortes, president of the League of American Workers, said on May 15 that rising Treasury yields are a bigger market concern than oil prices as federal debt approaches $39 trillion.
The U.S. Treasury’s Debt to the Penny dataset tracks total public debt outstanding, including debt held by the public and intragovernmental holdings, according to the U.S. Treasury.
“Yes, Oil above $100 is a big problem—but this market is a BIGGER one,” Cortes said in a May 15 X post. “With $39T in Debt, we cannot afford this kind of move-in yields, since the War began. Price is truth. New 2026 high for 10-year yield—sets % Rate in your life, from credit cards to mortgages.”
The market yield on 10-year U.S. Treasury securities reached 4.47% on May 14, 2026, according to data from the Board of Governors of the Federal Reserve System via FRED.
Steve Cortes is the founder and president of the League of American Workers, an organization that advocates for American workers through research and public policy commentary, according to the League of American Workers.
