The David Lin Report · Tuesday, August 25, 2026
Adrian Day explains that investors are increasingly hesitant to buy long-term US debt because yields, while higher, reflect underlying market and economic weakness. He notes that foreign participation is often from hedge funds for trading purposes, not long-term investors like pension funds and insurance companies.
“The investors who are supposed to buy America's long-term debt have stopped showing up.”
“But I mean, clearly, if the bond market is weak, and and evidence of that would be, uh, yields moving up, that just makes it so much more difficult for them to sell those bonds.”
“And they're just not interested.”