According to Jin10, Commonwealth Bank of Australia (CBA) foreign exchange strategist Carol Kong said U.S. public debt interest payments rose 15% to $1.17 trillion in the fiscal year through July, partly because U.S. Treasury yields climbed. She said the Trump administration does not appear to have much appetite for meaningful fiscal consolidation, and CBA expects long-term U.S. Treasury yields to remain under upward pressure, which would further raise government borrowing costs and increase the size of public debt. Kong said this could create a feedback loop in which rising debt and debt-servicing costs prompt investors to demand higher bond yields, further lifting government financing costs and worsening debt pressure.