🚨 US DEBT WARNING: T-BILLS ARE SURGING

🔹 US Treasury bills now make up ~21% of marketable debt — near the highest since 2020.
🔹 If current trends continue, T-bills could reach ~25% by FY2027.
🔹 More short-term debt = greater exposure to interest-rate swings.
🔹 Higher rates could mean rising debt-servicing & refinancing costs.

⚠️ The US debt problem is getting harder to ignore.

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