Dalio Macro Monitor

U.S. debt-limit timing and Treasury cash-management risk

U.S. debt-limit timing and Treasury cash-management risk

Bank of America reportedly places the November 2027 debt-limit X-date in its base case, with an August risk window, and cites $1.05T in net interest costs. These are projections rather than evidence of imminent default; monitor Treasury cash management and possible repo volatility or market distortions as the deadline approaches.

Sources (2)
Updated Nov 10, 2026
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