Thursday, June 25, 2026

The bond market knows something about the $39 trillion national debt that Washington doesn’t | Fortune

A more hawkish Fed could be bad news for the record debt. The bond market decided to ignore it.

  • The bond market is showing resilience despite the Federal Reserve's hawkish stance, as short-term rates rise but long-term Treasury yields remain stable or decline.
  • This stability is attributed to cooling inflation and strong demand for government debt, though underlying concerns about the record $39 trillion national debt and deficit spending persist.
  • Potential artificial suppression of long-term rates and the risk of future interest rate hikes pose warning signs, but a crisis is not imminent as long as lenders remain willing.

Topics: Public debt, Market cycles macro sensitivity, Tokenized us treasuries, Interest rate sensitivity, Inflation recession impact

Tags: #nationaldebt #federalreserve #interestrates #treasuryyield #inflation #bondmarket #governmentborrowing #ustreasuries #hawkishfed #debtsustainability

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