Warsh speaks Friday without saying where Treasury's authority ends and the Fed's begins
A US$40 trillion debt pile and record AI borrowing are crowding the long end of the curve
Collapse in US-Iran talks has sent government bond yields to multi-decade highs worldwide, piling fresh pressure on fixed-income portfolios
The borrowing binge is dragging real yields to heights not seen in over a decade
Strong corporate fundamentals and an AI-driven portfolio tilt underpin the asset manager's August 2026 outlook
Neil Shankar and Kevin Headland discuss the likelihood of any Fed action as CPI cools
