Macro· ★★★· bearish·

US interest costs hit record $1.05 trillion in fiscal 2026

  • —Net interest costs reached $1.05 trillion in fiscal 2026
  • —Average rate on marketable Treasuries rose to 3.52% from 1.47% five years ago
  • —Interest costs equal about 3.2% of GDP, topping the 1991 record
  • —Nominal GDP grew 6.3% in Q2 while Treasury yields sit near 5%
Why it matters: A heavier debt burden narrows Washington's room to cushion the next economic shock and could weigh on risk assets, including crypto, if yields spike again.
Source: Crypto Insiders
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