10-Year Treasury Yield Touches 4.94% as Bessent Dismisses $40T US Debt Crisis
2m | Sep 12, 2026Daily financial markets, energy, macroeconomic, geopolitical, and crypto news update for Saturday, September 12, 2026.
🔥 TOP HEADLINES TODAY:
• Global Energy Crisis Deepens: Saudi Arabia shuts its 7 million barrel per day East-West pipeline after a drone strike hits a key pumping station, severing a critical route to bypass the Strait of Hormuz.
• US-China Diplomatic Strain: Beijing threatens to cancel the September 24 White House summit between President Trump and Xi Jinping if Washington proceeds with new Taiwan arms sales.
• Bond Market Sell-Off & US Debt Concerns: The 10-year US Treasury yield surges to 4.94% despite a $5.2 billion buyback. Treasury Secretary Scott Bessent brushes off debt concerns, claiming the US can grow out of its $40 trillion balance, while a Mises Institute analysis warns true liabilities top $120 trillion.
• Landmark Deals & Canadian Haven Push: Nvidia considers a $10 billion investment in Anthropic’s potential $2 trillion IPO. Meanwhile, Canadian Prime Minister Mark Carney hosts a summit to court $1 trillion in global investment, while India orders Tata Sons to execute a public listing.
• Cyber Security & Crypto Protocols: Blockstream rejects a $50 million bounty demand from the Liquid network hacker who withheld 600 BTC. Revolut discloses a fraudulent government request data breach. XRP Ledger activates the fixCleanup3_3_0 amendment for upcoming lending protocols, and Ripple targets a $13 trillion corporate treasury market with RLUSD.
⏱️ TIMESTAMPS:
0:00 - Saudi Arabia Shutters East-West Pipeline After Drone Strike
0:46 - Beijing Threatens to Cancel Trump-Xi White House Summit Over Taiwan
1:24 - 10-Year Treasury Yield Hits 4.94% as Bessent Defends $40T US Debt
2:01 - Nvidia Eyes $10B Stake in Anthropic $2T IPO; Tata Sons Ordered to List
2:40 - Canada Launches $1T Investment Drive; US Consumer Boycott Spreads
3:18 - Blockstream Refuses $50M Ransom; XRPL Activates Critical Amendment
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⚠️ DISCLAIMER: Educational and informational content only. Not financial, tax, or investment advice.
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