Rising US Debt Load Poses a Growing Risk for Treasury Market.

The US debt load is a growing concern for the Treasury market, according to bond industry leaders. Despite the upcoming presidential election, spending cuts and tax increases to address the growing debt supply are unlikely. The amount of US Treasuries outstanding has doubled in the past decade, and the Congressional Budget Office predicts that chronic deficits will increase the debt to $48 trillion by 2034. The panelists at the ISDA/Sifma Treasury forum also stated that a clean sweep by one party in the White House and Congress would be the most worrying scenario. [Extracted from the article]

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