JPMorgan compares Bessent's $4B bond buyback to 'paying your mortgage with your credit card' as U.S. debt hits $40T - Yahoo Finance

Becky Robertson

Aug 25, 2026

JPMorgan compares Bessent's $4B bond buyback to 'paying your mortgage with your credit card' as U.S. debt hits $40T - Yahoo Finance

The bond market is a mess, but what do all the recent developments mean?

Debt by any other name is still debt, and if you've ever been in any amount of it, you'll know that the one thing that is definitely not the solution is, well, even more debt. And yet, that seems to … [+4914 chars]

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