The US Treasury expects to hit the debt ceiling in 2027
2026-10-21 16:32:26
According to CoinMeta, the U.S. Treasury Department may hit the debt ceiling and deplete its cash reserves around September 2027. Meanwhile, China's Ministry of Finance issued 91-day and 7-year bonds with a total scale of 180 billion yuan. Data from the Shanghai headquarters of the People's Bank of China shows that as of the end of September, foreign institutions held 3.19 trillion yuan in interbank market bonds. By the end of the third quarter, the scale of the bank wealth management market reached 35.37 trillion yuan, a year-on-year increase of 10.08%. Lenovo is seeking a loan of 2 billion US dollars in order to refinance its debt at a lower cost. U.S. Treasury Secretary Janet Yellen stated that she does not expect the turmoil in the French bond market to have spillover effects. BlackRock pointed out that the corporate credit sector is experiencing high-yield levels that occur only once in a generation. The UK government's debt has exceeded 3 trillion pounds for the first time, and the Chancellor of the Exchequer is facing budget challenges. Indonesia's central bank maintained its benchmark interest rate unchanged but raised the interest rate on deposit tools. Bank of America initiated the issuance of sustainable bonds, which was its second bond issuance in just a few days. Reports suggest that Brazil may issue panda bonds for the first time next week, with the initial scale planned to reach 5 billion yuan. The CEO of G30 stated that the monetary policies of major developed economies may continue to remain tight, further increasing the pressure on government debt repayments.
Source:Internet
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