U.S. long-term borrowing costs came under pressure this week — but the bond market may still not be fully factoring in the fiscal challenge facing the world's biggest economy, according to Nobel-winning economist Joseph Stiglitz. "I think we'll be able to finance the U.S. government," Stiglitz told CNBC's Steve Sedgwick on Friday at the annual Ambrosetti forum in Italy. He nevertheless added that a "real indicator of the market not thinking things are being well managed" was reflected in a calculation of real interest rates projected forward 10 years, which has risen from 2% to around 2.5%. "Let me tell you, I agree with that perspective, and I think markets are slow to react," Stiglitz said. "They haven't fully taken on board, for instance, [U.S. President Donald] Trump's claim that tarif

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