One Number Is Keeping Trump’s Team Up at Night. You Should Be Worried About It Too.

The Slatest The administration is dealing with the unexpected, but entirely predictable, consequences of its own actions. Now, the rest of us will as well. Aug 20, 20265:58 PM Photo illustration by Slate. Photos by Alex Wong/Getty Images and eurobanks/Getty Images Plus. This story is adapted from the Slatest newsletter. You can sign up here to get it in your inbox every day. Investors are selling off U.S. Treasury bonds in droves, and the Trump administration doesn’t seem to have a clue what to do about it. If you’re like me, talk of bonds, yields, and buybacks makes your eyes glaze over. But we wouldn’t spend a whole edition of the Slatest explaining the bond sell-off if it didn’t matter. So in plain English, here’s why it—and the Trump administration’s seat-of-the-pants response—could ma