U.S. debt risks have surged, leading to a shift toward short-term Treasury bonds to meet growing borrowing demands.
1 hours ago
The U.S. Treasury’s reliance on short-term debt is growing: Currently, U.S. Treasury bills make up 21% of the tradable Treasury securities market, a share near its highest level since 2020. Back then, amid the COVID-19 pandemic, the U.S. federal government’s borrowing spiked. This is far above the 10-15% range recorded between 2012 and 2019. By contrast, during the 2008 financial crisis, this proportion reached roughly 34%. Meanwhile, the U.S. government is increasingly leaning on short-term Treasuries to cover its rising borrowing needs, rather than long-term bonds. If the U.S. Treasury continues issuing long-term debt at its current pace through fiscal 2027, long-term Treasuries will account for 25% of total debt—their highest share since 2004. However, this strategy amplifies the government’s vulnerability to short-term interest rate swings. If rates stay elevated or climb again, debt servicing costs will become far more unsustainable. The U.S. debt crisis is now fully unfolding.
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Binance Life token surges 8%, briefly breaks through $0.54
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CZ announced that he will disable public addresses to prevent his operations from being overinterpreted by the community, noting that BNB and "Binance Life" will be donated to Giggle Academy.
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Meme coin MarsCoin slumped to a market cap of $7 million, plunging 65% in a single minute after nearly halving in value.
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A certain crypto address sold MarsCoin worth $171,000 too early, then chased the rally to buy it again.
41 minutes ago
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