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The US deficit is nearing $2 trillion, and interest bills have exceeded $1 trillion for the first time, with long-term US Treasury bonds setting the stage for a debt spiral pricing strategy.

The US deficit is nearing $2 trillion, and interest bills have exceeded $1 trillion for the first time, with long-term US Treasury bonds setting the stage for a debt spiral pricing strategy.

The US fiscal deficit is expanding at a rate approaching $2 trillion, with net interest payments exceeding $1 trillion for the first time and the average interest rate on tradable Treasury bonds rising to 3.48%. This means that even without further deficit increases, the rolling refinancing of existing debt