US budget deficit approached $2T in fiscal 2026, its highest level since the pandemic, per NYT. That is more supply landing on a long end already charging a fatter term premium. Bad for duration, not

What happened: A New York Times report says the United States budget deficit approached $2 trillion in the 2026 fiscal year, its highest level since the pandemic. Key numbers: Deficit approached $2 trillion in fiscal 2026. Why it matters: The post contrasts the deficit with claims of 90 trade deals in 90 days, DOGE savings, and tariff revenue, and notes households facing a cost-of-living crisis.

US budget deficit neared $2 trillion in FY2026, highest since pandemic.

US budget deficit neared $2 trillion in FY2026, highest since pandemic. — impact context not separately stored; see What changed.