A top U.S. economist warns that the country’s debt picture is deteriorating and describes the situation as an “all-hands-on-deck” issue as Treasury yields rise, with particular attention to recent moves in the 10-year rate.

The sources frame the higher yields as a signal that demand for U.S. Treasury debt may be weaker than initial indicators suggest. Fortune characterizes the unusual behavior in the 10-year yield as evidence that market conditions are tightening and that the cost of borrowing for the government is becoming more sensitive. In this view, the immediate challenge is managing financing pressures that could intensify if yield levels stay elevated.

While the reporting focuses primarily on interpretation of bond-market signals rather than new budget legislation or finalized policy changes, the shared theme is that rising Treasury yields and perceived softness in demand raise concern about the underlying debt trajectory and near-term financing conditions.