From Quiver Quantitative:

The U.S. is currently dealing with a challenge as Treasury yields reach multi-year highs, leading to a substantial increase in government interest payments. This has raised concerns about the long-term implications of government borrowing, as the U.S. is now projected to pay an additional $1.1 trillion in interest over the next decade. The rising interest payments, while putting pressure on the economy, also raise questions about the sustainability of current fiscal policies. Treasury yields have reached levels not seen in years, contributing to higher interest payments, with projections of federal debt reaching $48 trillion by 2034. The increasing cost of servicing debt could potentially slow economic growth and affect financial market stability. The sustainability of the U.S. fiscal position is under scrutiny, and policy solutions, such as austerity measures or tax increases, are politically sensitive. The decisions made today regarding fiscal policy will have far-reaching effects.



Read more: U.S. Faces Soaring Debt Costs Amid Multi-Year High Treasury Yields