24/7 Wall Street
17 Oct 2026, 17:09 UTC · 1h ago
Interest on the National Debt Just Hit a Record $1.36 Trillion
Impact · against what's priced in
The record $1.36 trillion debt-service bill and $1.99 trillion deficit create fundamental supply-side pressure on long-dated Treasuries. While recent price gains reflect a rotation from tech, the structural increase in borrowing requirements supports a long-term bearish outlook for TLT.
- TLT−0.50
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- In context
The fiscal 2026 deficit rose 12% to $1.99 trillion and net interest paid to outside holders hit a record 3.4% of GDP, increasing the supply of long-dated bonds which puts downward pressure on prices.
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