🔴 U.S. interest expenses topped $1.1 trillion 📈 as a third of all government debt hits a refinancing wall within 12 months. Higher yields, near 5.3%, continue draining capital from high-beta risk markets 📉, while federal deficits swell to nearly $2 trillion. Short-term crypto liquidity faces direct headwinds, even as long-term devaluation risks strengthen hard-asset hedges.

Will rising U.S. debt-service costs force the Fed to return to yield curve control, or will high rates suppress risk assets longer than expected? 👇

#macroeconomics #treasuries #bitcoin #liquidity #deficits