Shipwreckedcrew @shipwreckedcrew
Everyone should read this link and understand the implications.

We have $29 trillion in debt held by the "public."

33% of that debt, or $9 trillion, will mature in the next 12 months. That means we will need to sell new bonds to raise the money to pay off that $9 trillion to the holders of the bonds that will mature.

Five years ago, the AVERAGE interest rate across all of the national debt was 2.32%. That meant the mix of T-Bills (2-12 months) to bonds (up to 30 years) could be averaged out to 2.32%.

Today, because of the borrowing during the Biden Admin post COVID using mostly 3 and 5 year bonds, the average interest rate across all the debt is now 3.35%

That 1.03% increase is actually a nearly 50% increase in borrowing costs across the entirety of the debt.

That's why interest on the national debt this year exceeds the Pentagon budget.

What Pres. Trump is doing by design is to drive down interest rates so that when we have to sell $9 trillion in new bonds over the next 12 months, the interest rates on the new bonds will be less than the interest rates on the bonds sold that were sold by the Biden Admin to fund the nonsense crapola that DOGE has been exposing.

The Hancock @HancockThe1011
·
15h
In short the Biden administration deliberately attempted to bankrupt America to funnel $ to the DC connected class. Arrest them all and throw away the key.

Uğur Demir @lastpresser1
·
5h
I agree with your points — just want to add one thing:

In a normal year, Treasury issuance is roughly 20% short-term and 80% long-term. But in recent years, it's flipped — around 80% is now short-term. That’s why markets have become hypersensitive to quarterly refunding...

MTM 14 @mtm14
·
13h
It is worse than that too…when rates were zero bound under Yellen’s term that bubble head academic did all short term debt instead of issuing more 30 year bonds. Bessent should bring back 20 year issuance and make many of those bonds callable at specific intervals....

cpindc @cpindc
·
18h
I've said this for months. Yellen and President Ron Klain deliberately rolled debt into short term notes.
Anyone who looks at bond market sees the play.