7 Reasons to Avoid Benchmark Treasuries

There are 7 reasons to believe long-term interest rates are headed much higher. Of course, there are the obvious conditions of insolvency and inflation. After all, any nation that has $40 trillion in debt (123% of GDP and 720% of revenue), $2 trillion annual deficits,...

Convulsion in Credit Markets

The United States government just posted a $432.3 billion deficit for July, the largest monthly shortfall since March of 2021. That single burst of red ink pushed the year‑to‑date deficit to $1.8 trillion, with two months still remaining in fiscal 2026. At this pace,...