🟠 Strong 8.5% nominal growth is keeping US fiscal math afloat against a 3.4% average debt interest rate ⚡. But with an average debt maturity of 5.9 years, sustained high Treasury yields will push annual interest costs toward 1.6 trillion dollars by 2029

🟠 Strong 8.5% nominal growth is keeping US fiscal math afloat against a 3.4% average debt interest rate ⚡. But with an average debt maturity of 5.9 years, sustained high Treasury yields will push annual interest costs toward 1.6 trillion dollars by 2029 👀. As legacy bonds turn over, widening fiscal deficits reinforce the long-term thesis for non-sovereign reserve assets.

Will nominal GDP growth stay high enough to cover rising Treasury yields, or will debt costs force federal easing? 👇

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