macro

The Weekend Brief: The $40 Trillion Question, Fiscal Dominance Meets the AI Capex Bill

By Marcus WebbPublished August 23, 20265 min read
Split visualization: US debt soaring past $40 trillion alongside AI infrastructure spending surge, with bond yields and gold rising amid fiscal pressure

US debt crossed $40 trillion this week as 30 year Treasury yields hit their highest level since 2007, and a record AI corporate borrowing wave is competing with government issuance for the same capital. Gold logged a third straight weekly gain as the hedge trade responds.

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