Yuan bulls may encounter a roadblock on the path higher

The article says the U.S. Treasury could approach its $41.1 trillion borrowing cap as soon as February, with a potential debt-limit standoff later in 2027. It argues that political gridlock could delay planned long-term Treasury issuance and constrain fiscal expansion, while possible tariff reductions and de-escalation with Iran could have disinflationary effects on borrowing costs.