US National Debt Nears $40T as Treasury Market Draws Focus
The milestone focuses attention on borrowing needs, Treasury issuance and investor demand rather than creating a standalone signal for risk assets.
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The milestone focuses attention on borrowing needs, Treasury issuance and investor demand rather than creating a standalone signal for risk assets.
Treasury debt crossed $30T, the 10-year won't break 4.3%, and leveraged basis-trade exposure above $1T has Fed Governor Cook flagging the setup as a systemic vulnerability.
The US national debt is rapidly approaching the $40 trillion mark, a threshold that underscores the scale of…