Longer-Term Treasury Yields & Mortgage Rates Jump after Rate Cut, Yield Curve Steepens, Bond Market Gets Edgy by Wolf Richter • Sep 21, 2025 • 106 Comments Bond market reacts to inflation expectations and supply of new bonds, not the Fed’s policy rates.
The Foreign Investors Who Bought the Recklessly Ballooning US Treasury Debt and Why They’re so Important by Wolf Richter • Sep 18, 2025 • 48 Comments With US debt issuance threatening to blow all fuses, foreign demand is an increasingly important question.
Scenario of a Triple Whammy for Long-Term Treasury Yields by Wolf Richter • Sep 7, 2025 • 116 Comments The Treasury market counts on the tariffs to slow the supply of new debt and could throw a hissy-fit if they end while the Fed cuts rates into accelerating inflation.
ON RRPs Drop to Near-Zero $17.9 Billion, Liquidity Flow into Markets Over, while TGA Refilling Drains Liquidity from Markets by Wolf Richter • Sep 3, 2025 • 59 Comments Liquidity now begins to drain out of the markets for the first time since the debt ceiling.
30-Year Treasury Yield Stuck Near 5% on Inflation Fears, but 6-Month Yield Drops, Sees Rate Cuts, Long End of Yield Curve Steepens a Lot, Mortgage Rates still over 6.5% by Wolf Richter • Aug 30, 2025 • 129 Comments The bond market’s reaction to cocktail of inflation fears, potentially lax Fed, and Mississippi River of new debt flowing into the market.
US Government’s Fiscal Mess: Interest Payments on the Treasury Debt, Interest Rates, Tax Receipts, and Debt-to-GDP Ratio in Q2 2025 by Wolf Richter • Aug 28, 2025 • 73 Comments An ugly situation. But capital gains taxes and tariffs helped. And the debt ceiling covered up part of the problem.
Big Fuss in the Media about the Government’s 10% Stake in Intel, but just Giving this Cash to Intel under the CHIPS Act Was Fine? by Wolf Richter • Aug 25, 2025 • 173 Comments The media are tangled up in their own underwear about this deal, while totally onboard with sacrificing taxpayers on the altar of Biden’s policies.
Government Sold $724 Billion of Treasuries this Week, Debt Hits $37.0 Trillion. Getting Ready for the Fed’s Shift to T-Bills by Wolf Richter • Aug 8, 2025 • 124 Comments 10-year and 30-year yields rose after rough auctions, despite huge issuance of T-bills to take pressure off long-term yields.
Tariff Cash Is Rolling In, Hits $28 Billion in July by Wolf Richter • Aug 2, 2025 • 177 Comments At this pace, tariffs will raise an additional $230 billion in corporate taxes a year. US nonfinancial corporate profits spiked to $3 trillion a year.
Recklessly Ballooning US Government Debt Spikes by $519 Billion since Debt Ceiling, Expected to Hit $37.8 Trillion by Yearend. $722 Billion in Treasury Auctions this Week Alone by Wolf Richter • Jul 29, 2025 • 108 Comments A Mississippi River of debt issuance. But the Treasury buybacks are small.
