Torsten Slok of Apollo Global Management said that US Treasury yields are rising so fast that the bond market may repeat the turmoil leading to the resignation of former British Prime Minister Truss. Given that the US 10-year Treasury yield is currently 4.6%, the highest level since May 2024, the market is concerned about how the US will manage its growing debt burden, particularly at a time when incoming Trump has promised tax cuts. Slok, who is Apollo's chief economist, said in an interview that this could be “a potential Liz Truss moment.”

Torsten Slok of Apollo Global Management said that US Treasury yields are rising so fast that the bond market may repeat the turmoil leading to the resignation of former British Prime Minister Truss. Given that the US 10-year Treasury yield is currently 4.6%, the highest level since May 2024, the market is concerned about how the US will manage its growing debt burden, particularly at a time when incoming Trump has promised tax cuts. Slok, who is Apollo's chief economist, said in an interview that this could be “a potential Liz Truss moment.”