POPA ReconAll of this suggests that the Treasury chief’s drive to get borrowing costs down, especially with November’s midterm election looming, is…
All of this suggests that the Treasury chief’s drive to get borrowing costs down, especially with November’s midterm election looming, is running into forces beyond his control that are pushing them up. That includes record debt levels not just in the US, where one gauge surpassed $40 trillion this week, but across developed nations. There’s a surge in corporate issuance too, led by the artificial intelligence boom. https://www.bloomberg.com/news/articles/2026-08-23/bessent-has-no-easy-fix-for-what-s-really-driving-bond-yields-up?
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