Record Issuance of U.S. Treasury T-Bills Raises Concerns about Debt
According to BlockBeats, the U.S. Treasury issued a record $25.4 trillion in T-Bills over the past 12 months, bringing the total issuance to an impressive $36.6 trillion. T-Bills, short-term zero-coupon securities maturing in one year or less, now account for 69.4% of the total national debt issuance in the U.S., nearly reaching historical highs.
This trend indicates that the U.S. government is increasingly reliant on short-term debt to finance its long-term obligations. Consequently, interest expenses on public debt are now closely aligned with the Federal Reserve's policy rates. If inflation rises again, prompting the Federal Reserve to increase rates, interest costs could reach unprecedented levels.
The U.S. debt crisis is intensifying.usd$BTC $USDC
