08/21/2026
The national debt crossed $40.05 trillion on August 18 as the 30-year Treasury yield climbed above 5.3% to its highest level since 2007. To support market liquidity, the Treasury will at least double its long-end buyback operations from $2 billion to at least $4 billion per operation beginning September 9, covering 10-to-20 and 20-to-30 year securities. To the average investor, those events may be hard to comprehend. This week we take on the bond market with perspective on On The Markets from Sonoma Wealth Managing Principals Daren Blonski CFP®, Chris Sipes CFP® and Marketing Director Dano Weir:
• How the war in Iran, Japanese oil and “bond vigilantes” all coalesced into a historic extension of buyback operations this week.
• US National Debt passes $40T. Which President borrowed the most? Hint: he’s not currently in office.
• US government is facing a spending cliff next year- what will they do when their obligations finally exceed their income?
• Biggest trading loss of all time was recorded this month, more than double the 2nd place on the list!
• Plus despite the Fed’s attempt to control the bond market, Daren’s got the charts to show the market’s calling Bessent’s bluff.
Audio only on
Apple Podcasts https://podcasts.apple.com/us/podcast/on-the-markets/id1802984526
Spotify https://open.spotify.com/show/2YqyNLN7mcBApS5RL2piAj
Book Your Wealth Analysis with Sonoma Wealth right here: https://sonomawealthadvisors.com/book-your-wealth-analysis
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