$8 TRILLION. ONE YEAR.
The U.S. has to refinance $8 trillion in debt next year.
Let that sink in.
• Rates are still high
• Interest costs are exploding
• Every new dollar of debt gets refinanced at much higher yields
This means:
Massive pressure on Treasury auctions
Higher interest payments → bigger deficits
More stress on the Fed’s “higher for longer” stance.
If demand weakens, the Fed may have no choice but to step in.
Liquidity always finds a way.
Which assets benefit if refinancing pain accelerates?
Bonds
USD
Hard assets like gold & Bitcoin
Stay prepared.
