U.S. Debt Crisis: Bond Yields Soar, Treasury's Options Dwindle

U.S. federal debt crossed a record threshold, and a day later the U.S. Treasury announced an expanded buyback program aimed at the long end of the curve. Rhona O'Connell, Head of Market Analysis for EMEA and Asia at StoneX Financial Ltd., explains why this U.S. debt being above 100% of gross domestic product leaves the Treasury little fiscal headroom as maturities roll over. View her full report here.