Uploaded August 2026 | Updated September 2026, 3 weeks ago
David Bianco of DWS says long-term Treasury yields and real rates have climbed to some of their highest levels in nearly 25 years, but he argues inflation is not the main driver. The bigger issues are structural: US deficits above 6% of GDP, a rising total debt-to-GDP ratio, and the need to fund more borrowing domestically as foreign demand becomes less reliable. The US still benefits from the dollar’s safe-haven status, but Robin Brooks of the Brookings Institution and former Dutch Finance Minister Sigrid Kaag warn that America’s fiscal path remains dangerous even if its “exorbitant privilege” gives policymakers more time before markets force discipline.
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: twitter.com/BloombergTV
Facebook: facebook.com/BloombergTelevision
Instagram: instagram.com/bloombergtv
Connect with Bloomberg Business on:
X: twitter.com/business
Facebook: facebook.com/bloombergbusiness
Instagram: instagram.com/bloombergbusiness
TikTok: tiktok.com/@bloombergbusiness?lang=en
Reddit: reddit.com/r/bloomberg
LinkedIn: linkedin.com/company/bloomberg-news
More from Bloomberg:
Bloomberg Radio: twitter.com/BloombergRadio
Bloomberg Surveillance: twitter.com/bsurveillance
Bloomberg Politics: twitter.com/bpolitics
Bloomberg Originals: twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: youtube.com/@BloombergTechnology
Bloomberg Originals: youtube.com/@business
Bloomberg Quicktake: youtube.com/@BloombergQuicktake
Bloomberg Espanol: youtube.com/@bloomberg_espanol
Bloomberg Podcasts: youtube.com/@BloombergPodcasts
David Bianco of DWS says long-term Treasury yields and real rates have climbed to some of their highest levels in nearly 25 years, but he argues inflation is not the main driver. The bigger issues are structural: US deficits above 6% of GDP, a rising total debt-to-GDP ratio, and the need to fund more borrowing domestically as foreign demand becomes less reliable. The US still benefits from the dollar’s safe-haven status, but Robin Brooks of the Brookings Institution and former Dutch Finance Minister Sigrid Kaag warn that America’s fiscal path remains dangerous even if its “exorbitant privilege” gives policymakers more time before markets force discipline.
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: twitter.com/BloombergTV
Facebook: facebook.com/BloombergTelevision
Instagram: instagram.com/bloombergtv
Connect with Bloomberg Business on:
X: twitter.com/business
Facebook: facebook.com/bloombergbusiness
Instagram: instagram.com/bloombergbusiness
TikTok: tiktok.com/@bloombergbusiness?lang=en
Reddit: reddit.com/r/bloomberg
LinkedIn: linkedin.com/company/bloomberg-news
More from Bloomberg:
Bloomberg Radio: twitter.com/BloombergRadio
Bloomberg Surveillance: twitter.com/bsurveillance
Bloomberg Politics: twitter.com/bpolitics
Bloomberg Originals: twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: youtube.com/@BloombergTechnology
Bloomberg Originals: youtube.com/@business
Bloomberg Quicktake: youtube.com/@BloombergQuicktake
Bloomberg Espanol: youtube.com/@bloomberg_espanol
Bloomberg Podcasts: youtube.com/@BloombergPodcasts
