If the US refinanced its $33.827 trillion debt at a 10-year US Treasury bond yield of 4.38%, interest expense would be $1.48 trillion.

US is leading the way on this, unfortunately. If the US refinanced its current debt load ($33.827 trillion) at the yield on 10-year US Treasury bond (4.38%), interest expense would be $1.48 trillion, 50% higher than the top of this skyrocketing chart.https://t.co/MLnYFsU229

— David Sommers (@dgsommersmkts) November 28, 2023

$2 Trillion is the interest on our $33.8 Trillion debt. People wonder why our interest rates are high now, its all related to countries willing to buy our debt. You need higher rates to attract people to buy your bonds. Powell can do nothing about the market now.

— floridanow1 (@floridanow1) November 28, 2023