Why 10-year Treasury note is taking a hit as Germany ramps up military spending

Last Updated: March 6, 2025 at 12:03 p.m. ETFirst Published: March 6, 2025 at 11:49 a.m. ETGermany is about to enter what its next chancellor, Friedrich Merz, calls a historic “whatever it takes” moment of significant fiscal expansion to ramp up military spending and boost its economy, which is denting the appeal of the U.S. dollar and long-dated Treasurys.Following President Donald Trump’s contentious meeting with Ukrainian President Volodymyr Zelensky last Friday,