Macro Finance
Can the US Defy Fiscal Gravity?
Bloomberg Markets·August 29, 2026·1 min read
Long-term Treasury yields and real rates have climbed to near 25-year highs, but David Bianco of DWS says inflation isn't the main driver. Structural issues like US deficits above 6% of GDP and rising debt-to-GDP ratio are key. Dollar's safe-haven status helps, but experts warn the fiscal path remains dangerous.
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