🔴 US 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 to drain capital from high-beta risk markets 📉 while swelling federal deficits near $2 trillion. Short-term crypto liquidity faces direct headwinds, even as long-term debasement risks bolster hard asset hedges.

Will surging US debt service force the Fed back into yield curve control, or will high rates suppress risk assets longer than expected? 👇

#macroeconomics #treasuries #bitcoin #liquidity #deficits