🚨 U.S. DEBT MATURITY WALL ALERT 🚨
Nearly $9.6 TRILLION in U.S. marketable debt — ~31% of total — matures by early 2026.
📉 Then vs now:
• 2020 refinancing ≈ 0.1%
• Today ≈ 4%
💥 Impact:
• Exploding interest expense
• Rising fiscal stress
• Treasury forced into constant rollover
🧠 Translation:
Higher rates = structural pressure on USD.