The U.S. national debt surpassed a record $40 trillion this week, driven by automatic spending on Medicare and Social Security, defense costs, and rising interest payments. Analysts warn the milestone threatens household finances and economic stability, pushing borrowing costs higher for consumers across mortgages, car loans, and credit cards. How the National Debt Reached $40 … Read more
Treasury yields are stabilizing following a slide sparked by an intervention led by U.S. Treasury Secretary Scott Bessent aimed at reining in surging long-term borrowing costs. Yields on 30-year Treasury bonds—the primary target of the intervention—ticked up, while shorter-dated U.S. debt also steadied. U.S. stock futures, including Nasdaq futures, are looking for direction ahead of … Read more
The U.S. Treasury Department announced plans to double long-term bond purchases to at least $4 billion per operation, aiming to lower borrowing costs as national debt surpasses $40 trillion. The move prompted a sharp drop in yields and a brief stock recovery, though analysts warn underlying fiscal deficits and heavy tech borrowing remain unresolved. The … Read more
The U.S. Treasury Department announced Wednesday it will more than double its government debt buyback operations to at least $4 billion, sending 10-year yields down 6 basis points to 4.647% amid a buyers’ strike in longer-duration paper. Facing mounting fixed income pressure and surging yields not seen in nearly two decades, Treasury Secretary Scott Bessent … Read more