The move started on Friday after Federal Reserve Chairman Kevin Warsh doubled down on his vow to finally tame inflation, and has extended as energy prices rose on conflicts in the Middle East.
The emergency household-repairs provider is offering $1.8 billion of bonds backed by its assets through a whole-business securitization led by Jefferies Financial Group.
The dollar is trading at a three-month low after the Treasury's surprise midweek announcement that it would double the amount of longer-dated bonds it can repurchase ahead of schedule.
His action after 10-year Treasury yields, his self-specified financial benchmark, rose above where they were before Trump returned to office, shows mounting worries in Washington.
The new plan drove yields on the longest bond lower by nearly 10 basis points to 5.18%, pulling them back from their highest levels since 2007. The dollar fell by the most in three months.
The moves were echoed across sovereign debt markets from Europe to Japan, fueled by an uncertain outlook for inflation and changing bond-buyer demographics.
As the AI borrowing spree keeps accelerating, the spillover effect is playing a growing role by taxing the market's ability to absorb so much debt.
Issuance of securitized affordable-housing bonds reached $4.5 billion across 37 deals through August 13, already surpassing the $3.4 billion issued across 25 deals in all of 2025.
The forces he sees at work include inflationary pressures from the AI buildout, exacerbated by tariffs, labor constraints and oil-price spikes.
An in-line reading of the consumer price index helped US Treasuries keep their gains on Wednesday, with the two-year yield lower by three basis points to 4.18%.
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