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The Treasury market looks healthy, but underneath, a combustible mix is brewing: the U.S. is issuing record debt into a market increasingly unfriendly to profligate governments, @greg_ip writes https://wsj.visitlink.me/ix9Uwo

@wsj·Jul 17, 2026·2 sources·neutral
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The U.S. Treasury market appears stable but faces underlying risks from record debt issuance amid growing investor skepticism toward high-spending governments.

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