The US government, like in many other countries, has a significant amount of debt outstanding. This debt is financed for the majority through the issuance of Treasury securities, which include Treasury bills (short-term), Treasury notes (medium-term), and Treasury bonds (long-term), and these securities serve as key instruments in financial markets. The investors include individuals, corporations, pension funds, the Federal Reserve, and other governments. Broadly, this is referred to the debt held by the public.

“Javier Milei’s dollarization and fiscal austerity proposals overlook the complexities of modern economies, ignore lessons from historical crises, and open the door for accentuating already severe inequalities.”

Le elezioni brasiliane del 2026 potrebbero rappresentare un punto di svolta per i mercati e le politiche del Paese. La gestione fiscale, i tassi di interesse e i rendimenti dipenderanno tutti da chi vincerà. Con l'incertezza sulla ricandidatura di Lula e l'assenza di un chiaro successore di Bolsonaro tra i conservatori, la partita è ancora tutta da giocare.