JoAnne Bianco

“There's just the idea that there needs to be a higher risk premium for all the issuance.”

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

Bianco said there needs to be a higher risk premium given the level of Treasury issuance.

“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.