US Debt Hits Record Despite Strong Jobs and Tariff Talks

The national debt has surpassed $38.5 trillion, with interest costs consuming a growing share of the federal budget. Lucas and Luna examine how the latest economic data—strong payrolls, rising tariffs, and elevated bond yields—complicates the Treasury's borrowing strategy. They discuss the 30-year yield hovering near 5%, the 10-year at 4.49%, and what the 10-2 yield spread of 41 basis points says about fiscal risk. The episode also covers why foreign buyers are hesitant, the impact of the Iran conflict on energy prices, and whether the Fed's rate path offers any relief. A focused look at the tension between short-term economic strength and long-term debt trajectory. #NationalDebt #TreasuryYields #FederalReserve #BondMarket #FiscalPolicy #InterestCosts #DebtToGDP #Tariffs #IranWar #Inflation #ADPPayrolls #JobOpenings #10YearTreasury #30YearTreasury #YieldCurve #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo