November 8, 2026

Budget, Personal Loans

Primary Dealers See a $2.14 Trillion Treasury Funding Gap in FY2028 and FY2029

An institutional government bond trading desk photographed at dawn, six curved monitors glowing with line charts and price grids, a swivel chair pushed back from the keyboard and a coffee cup beside it, cool blue light coming through a window onto the empty workstation.

Treasury's borrowing committee minutes show the median primary dealer projecting a $2.14 trillion funding shortfall for fiscal 2028 and 2029 at current auction sizes.

Mitch Strohm
November 8, 2026