Wall Street on Alert for Treasury’s Projected $1.5 Trillion Borrowing Ongoing Spree

Wall Street banks predict the U.S. Treasury’s massive borrowing needs will continue, with estimates of $1.5 trillion needed through early 2024, exacerbating the steep increase in long-term yields to the highest since 2007. This borrowing surge is straining the Treasury market and poses sustainability concerns, with Treasury yields peaking and stocks closing lower amid ongoing financial stress.