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The socialite got engaged to Donald Trump Jr. in December, Page Six exclusively revealed.

“I had to cover up hand print bruises around my daughter’s neck,” mom Maitlyn Gandy told a Texas court Wednesday, when asked why she’d been to nearly hearing for her 7-year-old girl’s murder.

IMF Warns US Treasury Market Prone To "Sudden Repricing" Due To Soaring Debt, Overreliance On Bills

The International Monetary Fund warned Wednesday that the relentless US debt issuance is undermining the premium Treasuries have commanded from investors, with implications for government securities across the globe.

“The increase in the US Treasury security supply is compressing the safety premium that US Treasuries have traditionally commanded — an erosion that pushes up borrowing costs globally,” the Washington-based IMF said in its latest Fiscal Monitor report.

The US has been selling large volumes of debt because its budget deficit has averaged roughly 6% of gross domestic product over the past three years, an unprecedented shortfall outside of wartime or recession eras. The gap is expected to stay around those levels throughout the coming decade, according to the Congressional Budget Office. In reality, it will only get wider. 

As Bloomberg reports, the IMF pointed to a narrowing gap between the yields of AAA rated corporate bonds and Treasuries as a sign of reduced appeal for US government securities. While spreads have typically been viewed as a gauge of the risk investors estimate for corporate borrowers, the fund is flipping that analysis on its head to view it as a metric of how much extra buyers are willing to pay for Treasuries.

“A narrowing spread implies that the premium investors pay for the safety and liquidity of Treasuries (relative to high-grade corporate debt) is compressing,” the IMF said. The fund showed that AAA corporate spreads have shrunk to roughly 35 basis points from more than 55 basis points at the start of 2019.

Besides funding runaway US debt, another danger flagged by the IMF was the increasing reliance of the US Treasury on sales of short-dated debt, a process launched by Janet Yellen and her Activist Treasury Issuance, and maintained ever since. Having initially criticized the Bill buildout, Treasury Secretary Scott Bessent last year said that it didn’t make sense to expand issuance of longer-dated securities, given that their yield levels were above those of T-Bills, which mature in under a year.

“When debt is concentrated at shorter maturities, governments must refinance more frequently, increasing their exposure to abrupt shifts in market conditions or investor sentiment,” the fund said, noting that the US - along with all other "developed" governments - has shifted reliance toward sales of bills.

Wednesday’s warnings come three weeks before Bessent’s Treasury sets out its latest plan for US debt issuance, known as the quarterly refunding policy statement.

Finally, the IMF also flagged the increasing role that hedge funds are playing in the Treasuries market, via so-called cash-futures basis trades, as a risk.

“The liquidity that hedge funds supply through such trades can be prone to flight, as it is backed by more-leveraged investors: a spike in volatility or financing costs can trigger forced unwinding, amplifying price dislocations,” it said.

Multiple elements - historically high borrowing needs, the composition of demand for Treasuries tilting toward hedge funds and the increasing reliance on shorter-dated securities - are contributing to increased vulnerability of the market to a “sudden repricing,” according to the IMF. These dynamics can also become self-reinforcing, the fund said.

“If investors grow concerned about a country’s rollover capacity, they may demand higher yields or step back from auctions of sovereign bonds altogether, validating the initial concern,” the IMF said, effectively explaining what happens when a Ponzi scheme stops working.

“The resulting political pressure to address rising costs of servicing debt may itself become a source of uncertainty that markets price in.”

Meantime, the Iran war will stoke new fiscal pressures, forcing governments to choose between cushioning their economies from rising energy costs or keeping a lid on borrowing, the IMF also said.

“The Middle East has added a new source of fiscal pressure to an already strained global landscape,” it said. “In a scenario of prolonged conflict, global debt-at-risk could increase by an additional 4 percentage points,” the IMF said, using a term that refers to the danger of repayment difficulties in an adverse scenario.

As finance ministers and central bankers from around the world gather in the US capital this week for the spring meetings of the IMF and World Bank, the fund chided most major economies on their fiscal policies, starting with the US which has “no debt consolidation plan in sight” - the IMF certainly is correct there - while China’s persistent large deficits are continuing to add to its borrowing load, which is also accurate, but fails to discuss China's relentless dumping of products which are collapsing its core export markets as their manufacturing sectors implode as they can't complete with Chinese state subsidies. Several European Union member nations have triggered escape clauses from the union’s rules on deficits in order to fund defense spending, the IMF noted.

But the US has a special role, given how reverberations in the Treasuries market spread across the world, the IMF said.

“The transmission is global: supply-driven increases in US yields spill over almost one-for-one to foreign bond markets, disproportionately affecting countries reliant on external financing,” the IMF said.

The full IMF Fiscal Monitor report can be found here.

Tyler Durden Wed, 04/15/2026 - 17:20

Gavin Newsom has privately smack-talked the candidates to succeed him as California governor, according to a report.

A fed up Australian woman has come up with a “genius” solution to finding love, resulting in hundreds of eager men begging for a date.

“I knew something was wrong,” Revolution bassist BrownMark said Page Six of Prince. “Something was not right with his memory and his behavior.”

“I knew something was wrong,” Revolution bassist BrownMark said Page Six of Prince. “Something was not right with his memory and his behavior.”

Actress and New York Times bestselling author Kimberly Williams-Paisley returns to host Season Four, which narrows the focus to a tight-knit group, diving deeper into connections as single women trade city lights for sunrise chores, muddy boots, and the grit of country life.

Over 5,000 Graco infant car seats sold across major retailers in the United States have been recalled after the company and federal regulators warned of an injury risk tied to the seat base.

The two-time Lombardi Trophy winner passed away on Wednesday morning.

We hear Kelly Ripa and Mark Consuelos were at the Lower East Side deli to celebrate their son Joaquin Consuelos’ Broadway debut.

We hear Kelly Ripa and Mark Consuelos were at the Lower East Side deli to celebrate their son Joaquin Consuelos’ Broadway debut.

Amuri Greene gave cops a phony name after fleeing the tragic April 1 Brooklyn shooting of 7-month-old Kaori Patterson-Moore, prosecutors said.

Car mat mogul David MacNeil has parted ways with a rare ocean-to-lake parcel in Manalapan.

Armed with seven Day 3 draft picks, including three in the fourth round, the Raiders can load up on the last day of the draft next week. After filling some big-time needs in free agency, they don’t necessarily feel a pinch to add immediate starters on Day 3. Instead, they can focus on long-range development...

Treasury Secretary Says Order On Citizenship Proof For Banking Is 'In Process'

Authored by Jack Phillips via The Epoch Times (emphasis ours),

Treasury Secretary Scott Bessent on Monday confirmed that an executive order mandating banks to collect citizenship information on customers is underway.

Treasury Secretary Scott Bessent addresses journalists in Paris on March 16, 2026. Ludovic Marin / AFP via Getty Images

“It’s in process. And I don’t think it’s unreasonable, because, why don’t we have information on who’s in our banking system?” he told Semafor in an April 13 interview, responding to whether the Trump administration was working on the banking order.

“I have a place in the UK; they want to know who lives in every apartment—and how do we know that it’s not part of a foreign terrorist organization?” he added.

At least one Republican lawmaker has asked the Trump administration to implement such an order, and The Wall Street Journal reported, citing anonymous sources, that banks could be tasked with requiring people to submit passports under the policy.

In a post issued on X in October 2025, Sen. Tom Cotton (R-Ark.) included a letter he sent to Bessent urging the secretary to carry out a “comprehensive review of current rules that allow illegal aliens to obtain financial services and access to the U.S. banking system.”

“Access to the American banking system is a privilege that should be reserved for those who respect our laws and sovereignty,” Cotton wrote in the letter. “When individuals are allowed to open accounts without verifying legal status, we are permitting illegal aliens to establish financial roots and integrate economically, all while bypassing the legal channels that millions use properly.”

Cotton asked whether the administration could implement the order under the USA PATRIOT Act, a Bush administration-era law enacted in the aftermath of the 9/11 terrorist attacks, or the Bank Secrecy Act, a 1970 anti-money laundering law.

The Trump administration has prioritized cracking down on illegal immigration as well as entitlement fraud. Since he took office in January 2025, President Donald Trump has issued multiple executive orders and memoranda to boost the deportation of illegal immigrants and end temporary deportation protection programs for certain countries.

Trump has also called on Congress to pass the SAVE America Act, which has stalled in the Senate, to require photo IDs for voting and proof of U.S. citizenship to register to vote.

In a post last month, the president said that there would be no deal to end the partial shutdown of the Department of Homeland Security (DHS) unless some Democrats join Republicans to pass the measure.

The bill must include “their approval of Voter I.D., (with picture!), Citizenship to Vote, No Mail-In Voting (with exceptions), All Paper Ballots, No Men In Women’s Sports, and No Transgender MUTILIZATION of our precious children,” he wrote in a Truth Social post on March 22. He also called on congressional lawmakers to stay in Washington during the Easter recess, although the lawmakers ultimately went on their break.

Last month, the Trump administration established an anti-fraud task force that would investigate instances of illegal immigrants engaging in benefits fraud as well as other forms of waste and abuse.

The Epoch Times contacted the White House for comment on Tuesday.

Tyler Durden Wed, 04/15/2026 - 17:00

Before a fresh new crop of Islanders hit the villa, it's time to catch up with last summer's "Love Island" bombshells.

Before a fresh new crop of Islanders hit the villa, it's time to catch up with last summer's "Love Island" bombshells.

The Department of Health and Human Services reversed a staffing reduction at a health program that provides vital medical care for 9/11 heroes after New York lawmakers bemoaned the cuts.

Page Six may receive revenue from affiliate and advertising partnerships for sharing this content and/or when you make a purchase. Spring has finally sprung, and it’s the ideal time to refresh your makeup bag and skincare stash. In today’s episode of “Famously Fashionable” presented by Bloomingdale’s, Page Six Style & Shopping Director Elana Fishman is...