Record Issuance of T-Bills by the U.S. Treasury Raises Alerts about Public Debt
According to information from BlockBeats, the U.S. Treasury has put approximately $25.4 trillion in T-Bills on the market over the last 12 months — a historic volume that raised the total issued to $36.6 trillion. T-Bills, which are short-term securities with no periodic interest payments and maturing in up to one year, now represent 69.4% of all debt issued by the country, approaching record levels.
This movement shows that the U.S. government has been increasingly relying on short-term financing to support long-term commitments. As a consequence, interest expenses have begun to directly follow the rates set by the Federal Reserve. If inflation gains strength again and the Fed is forced to raise interest rates, the cost of debt could reach unprecedented levels.
Pressure on the U.S. fiscal situation continues to increase.
