Published Aug 20, 2026, 11:45 PM ET · Updated 3 months ago · 1 source
Treasury attempts to stabilize long-term bond rates amid rising national debt
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Original Report
The Treasury Secretary is attempting to stabilize long-term bond rates by suggesting further buybacks of long-term debt and focusing on fiscal consolidation, as the US national debt has hit $40 trillion and rising financing costs are affecting the broader economy, including mortgage rates.