Fixed income investors are facing challenges in 2025, with nearly $3 trillion of U.S. debt set to mature, including short-term notes that the Treasury Department has been issuing. The market may struggle to absorb this massive issuance as the government aims to lengthen the duration of its debt, potentially leading to concerns. Despite expectations for a decrease in the deficit next year, the focus remains on the need to transition excess Treasury bills to the five-to-ten-year portion of the curve, posing a significant worry for the market.
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Bali fatal ferry capsize: New Zealand couple recounts terrifying ordeal
A snorkeling trip in Bali turned tragic for a married couple from Tauranga when a wave capsized their ferry, leading to chaos as passengers were thrown around inside the cabin. Dale and Jason Clark described the horrifying scene, with children and adults screaming as they struggled to hold on before being tossed against others by the violent wave. Want More Context? 🔎
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