In August, the expected yield for ten-year Treasury notes fell below the yield for two-year notes for the first time since 2007, with the 30-year bond yield also reaching a new low. The “yield curve” tracks the yield to investors who purchase shares in government debt to be paid back over various time horizons. The national debt accrues as the US Treasury sells Treasury securities in exchange for cash used to finance the government.

On Monday, 28 October, in the face of a massive movement of protestors from all backgrounds, Saad Hariri announced his resignation. This retreat of the government came after two million people – one third of the population – took part in huge protests across the country. Amidst calls for a general strike, people have blocked roads, and shut down banks and schools. Cutting across all the sectarianism that has dominated politics in Lebanon for decades, this movement has done more in two weeks than the corrupt politicians in Lebanon have done in years.