🚨🇺🇸 THIS IS NOT GOOD
Nearly $9.6T of U.S. marketable government debt matures in the next 12 months — about one-third of total outstanding debt. Most was issued near 0% rates. Now refinancing happens around 4–5%.
The math 🧮: a 2% higher average rate on $9.6T = roughly $192B in extra annual interest. Net interest is already projected to surpass $1T per year, exceeding defense spending.
The largest refinancing wall in history is here. Markets could get volatile. 📉🪙
XRP
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EUL
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Alpha
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