MacrolyzedA 5-minute weekly brief on the economy and markets, made for you.

All indicators

Every indicator on the site, by theme, each with its chart. Tap one to open it; this week's brief is here.

Indicator As of Latest 1Y change vs avg History This week
Federal debt (% of GDP) Government debt Highest since Q1-2021 Q1-2026 123% ▲ +205 bps +299 bps
A near-$2 trillion deficit and record interest costs are pressing long-term yields up from the supply side.
  • The fiscal 2026 deficit reached $1.99 trillion, up about 12% in a year; net interest topped $1 trillion, 3.2% of GDP, the highest since 1991.
  • Federal debt stands at 123% of GDP (Q1-2026), the highest since Q1-2021; over $10 trillion of it rolls over within 12 months at today's rates.
  • The term premium at 1.07% (Oct 9), up 60 basis points in a year, is the bond market charging for this: more issuance, more compensation demanded.
  • Households are the calm corner: credit-card delinquencies eased to 2.9% (Q2) and the debt burden is flat at 11.1% of take-home income.
Household debt burden Government debt Lowest since Q1-2025 Q2-2026 11.1% -1 bps +5 bps
Interest on the federal debt (% of GDP) Government debt Highest since 1991 2025 3.2% ▲ +15 bps +75 bps
Federal deficit (% of GDP) Government debt Least negative since 2022 2025 -5.8% ▲ +43 bps +8 bps
Credit-card delinquencies Government debt Lowest since Q2-2023 Q2-2026 2.9% ▼ -19 bps -18 bps