US debt hits record $40.6T
Federal debt rose $422B in October to a record $40.6T, about $10B per day since July. Meta's $15B bond sale paying up to 7.5% on 30-year debt reflects a high-yield backdrop.
What we know
Kobeissi reports the $422B October surge, and Spectator Index charts the rise from $23.2T in 2020. Meta's bond sale priced up to 7.5% on 30-year paper with $58B in orders.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.