The U.S. Treasury Department reported on Friday that the budget deficit for fiscal year 2026 reached nearly $2 trillion, an increase of approximately 12% from $1.775 trillion in the previous fiscal year, marking the third-highest annual deficit in U.S. history, trailing only 2020 and 2021. The report noted that the growing debt burden has exacerbated concerns among bond traders, leading 10-year and 30-year U.S. Treasury yields to rise to 24-year highs last week.