AI Data Insight
The US government fiscal deficit YoY growth rate for Q3 2026 fell to -248.49%, a drastic downward revision from the previous Q2 2026 figure of 545.41%. However, this authoritative data significantly conflicts with the recent market consensus that the July deficit essentially grew by 48% YoY. This highlights the decoupling risk between actual fiscal balance and paper data under the interference of calendar effects and tariff refunds. Going forward, close attention must be paid to the impact of government bond issuance on liquidity.