David Kudla @David_Kudla · 01 Sep 2026
Bessent is about to panic... US rates keep rising. Over the next 12 months, the US has to refinance ~$8T while running a ~$2T deficit. Meanwhile, the average yield on existing debt is just ~3.4%. Refinancing that debt + financing the deficit at today’s higher rates would add https://t.co/E1RieOW6DH
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