“It's that combination of the deficits, the borrowing needs, inflation expectations, not really knowing what future Fed policy is going to be, and the sustainability of being able to issue higher, ever higher, levels of U.S. Treasury debt, and what rates those need to be at,”

JoAnne Bianco · said date not stated · reported 2026-08-20

Bianco discussed how deficits, borrowing needs, and uncertain Fed policy are pressuring Treasury markets.