News and Advice | PrimeRates

Budget, Personal Loans

China Cuts Treasury Holdings to $590.7 Billion, Lowest Since August 2008

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China's U.S. Treasury holdings fell to $590.7 billion in August, the lowest since August 2008, while Britain topped $1 trillion and official accounts kept selling.

Shelly Warding
October 19, 2026

Budget, Personal Loans

Debt Held by the Public Tops $32.5 Trillion, Nearly Matching Annual GDP

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Federal debt held by the public reached $32.538 trillion on October 15, the first reading above $32.5 trillion on record, after $391 billion of Treasury auctions settled that day.

Mitch Strohm
October 18, 2026

Budget, Personal Loans

Warsh Gives No Signal on Oct 28 Fed Vote After 3.7% Inflation Print

An empty conference stage at a large international monetary summit, with two modern armchairs angled toward each other on a low carpeted dais, a glass side table holding two water glasses, slim black microphone stands, and warm late afternoon sunlight falling through tall glass windows behind the stage.

Fed Chair Kevin Warsh declined to signal the October 28 vote during Friday remarks in Bangkok, his last comments before the FOMC communications blackout began October 17.

Laura Adams
October 17, 2026

Budget, Credit Cards

Beige Book Shows Robust Price Growth in 3 Fed Districts Before Oct 28 Vote

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The Fed's October 14 Beige Book found price growth robust in three of twelve districts and picking up in four, with higher oil prices in every district report.

Shelly Warding
October 16, 2026

Budget, Credit Cards

Fed Discount Rate Minutes Show Hike Requests Grew From 2 Banks to 7 in September

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Federal Reserve Board minutes show Reserve Bank requests for a 4.00% discount rate grew from two banks in August to seven by the September 16 meeting.

Laura Adams
October 14, 2026

Budget, Personal Loans

Federal Interest Costs Hit Record $1.36 Trillion in Fiscal 2026, Up $140 Billion

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The federal government spent $1.360 trillion on interest in fiscal 2026, Treasury's closing accounting shows, up $140.4 billion from fiscal 2025 and a record high.

Shelly Warding
October 13, 2026

Budget, Credit Cards

Treasury Bills Reach 22.4% of Marketable Debt, Highest Share Since 2020

The south facade of the United States Treasury Building photographed at sunrise in autumn, tall neoclassical columns lit by warm low-angle light, wide empty granite steps in the foreground and bare maple branches at the edge of the frame in light morning haze.

Treasury bills ended fiscal 2026 at $7.118 trillion, or 22.36% of marketable federal debt, the largest fiscal year end share since 2020. Bills grew $721.1 billion over the year.

Mitch Strohm
October 12, 2026

Budget, Credit Cards

Waller Says 16 of 18 Fed Dots Point to Another 2026 Hike, Not Every Meeting

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Fed Governor Christopher Waller said 16 of 18 officials who filed September projections expect another 2026 rate increase, and that the hikes need not come at back to back meetings.

Laura Adams
October 11, 2026

Budget, Personal Loans

National Debt Hits Record $40.3 Trillion, Up $133 Billion in Six Days

The neoclassical south facade of the United States Treasury Building in Washington photographed from the base of its granite steps at golden hour, with a row of tall fluted columns casting long shadows under a breaking storm sky.

Total public debt outstanding reached $40,305,316,210,829.72 on October 8, 2026, the first reading ever above $40.3 trillion and up $133.49 billion in six business days.

Shelly Warding
October 10, 2026

Budget, Personal Loans

Average Interest Rate on the Federal Debt Hits 3.531% as New Bonds Pay 5.618%

The neoclassical stone facade and tall columns of the United States Treasury Department building in Washington DC lit by late afternoon sunlight under a clear sky

Treasury's blended rate on all interest bearing federal debt reached 3.531% on September 30, the highest since April 2009, while new 30-year bonds cleared 5.618%.

Mitch Strohm
October 9, 2026