Latest analysis of U.S. debt and Treasury markets

Updated October 27, 2026

France’s 10-Year Bond Yield Touches 5% as Debt Pressures Intensify

Reuters reports a brief 5.002% French 10-year yield on October 21, 2026. Budget uncertainty and wider rate rises matter, but a market warning is not evidence of imminent default.

Updated October 27, 2026

UK Debt Passes £3 Trillion as September Interest Costs Reach £10.9 Billion

Provisional ONS figures put UK public sector net debt at £3,005.0 billion at September’s end. Monthly borrowing exceeded forecast, while the debt-to-GDP ratio was lower than a year earlier.

Federal Debt Is Projected to Pass Its Highest Level on Record

CBO's official baseline shows federal debt held by the public rising from 101% to 120% of the economy over the next decade — above the post-World War II record of 106%.

Updated October 30, 2026

Interest Costs Are Taking a Bigger Share of the Federal Budget

CBO projects net interest roughly doubling, from about $1 trillion in 2026 to $2.1 trillion in 2036 — nearly one-fifth of all federal spending.

Bond Market Warning: What Higher Treasury Rates and Weak Auctions Mean

The 10-year Treasury rate closed at 5.31% on October 5, 2026 — its highest since 2002 — after a weak five-year auction on September 23. What that does and does not mean.

Can the United States Buy Its Own Debt?

The Treasury borrows; the Federal Reserve is a separate central bank. What Fed bond purchases can and cannot do.