Research
The 5.33% Warning: Why the Treasury Rout Is a Fiscal Repricing, Not a Buyers' Strike
The 30-year Treasury yield has hit a 19-year high, but the signal is not a buyers' strike. It is a higher price for fiscal and duration risk.
Research
The 30-year Treasury yield has hit a 19-year high, but the signal is not a buyers' strike. It is a higher price for fiscal and duration risk.
Treasury
The U.S. Treasury is issuing roughly $270 billion in bills this month, has pushed the bill share of marketable debt to 22 percent from a Treasury Borrowing Advisory Committee guideline of 15-20 percent, and is projected to sell $827 billion in bills across 2026 against $360 billion in 2025. Con