Trucking companies are going bankrupt. Hedge funds are buying Treasuries.

Treasury financing is becoming more dependent on hedge funds, diesel is crushing trucking companies, and companies that expected to tap the IPO market are backing away. Money is still there. Getting it into the right place is becoming harder.

Hedge funds hold record share of Treasury market.

Hedge funds are becoming a force to be reckoned with in the roughly $30 trillion U.S. Treasury market, stepping in at a time when some traditional long-term investors have been looking at other options.

The shift is helping the government find buyers as its pile of debt grows, but it may also be making the world’s largest bond market more vulnerable, experts told CNBC.

Hedge funds’ cash Treasury holdings reached $2 trillion at the end of 2025, nearly three times their level five years earlier, the U.S. Treasurys Office of Financial Research said last month. Marketable Treasury debt — which is traded in the secondary market — was $28.9 trillion, putting hedge funds’ share at a record 7%.

More recent Federal Reserve data shows hedge funds remained net buyers of Treasurys in the first half of 2026. Domestic hedge funds bought a net $60.6 billion in the second quarter, up from $26.4 billion in the first, bringing first-half purchases to about $87 billion.

16 trucking companies file for bankruptcy as diesel costs soar

More than a dozen American trucking companies have filed for bankruptcy in the past month, according to an industry news report.

Some 16 firms, accounting for more than 250 jobs, have filed for Chapter 7 or Chapter 11 proceedings, FreightWaves reported earlier this month.

Diesel prices, the lifeblood of the trucking industry, hit a record average of $6.53 a gallon on September 22 amid the impact of President Donald Trump’s war with Iran. Diesel has increased $2.76 over the past year, according to motor club AAA.

Two of the biggest companies listed, Xoco Transport and Globemaster, are entering Chapter 11 proceedings, meaning they will remain open for business but work with bankruptcy court and creditors to make a payment plan for their debts.

Wall St Hopes for Blockbuster IPO Season Fading

Market choppiness and artificial-intelligence safety fears are spooking investors and throwing into disarray what was expected to be a string of blockbuster IPOs this fall

Oura postpones its IPO as the fall IPO pipeline starts breaking apart