The ugly US debt picture seems to get uglier by the day.
Case in point: rising interest payments on some $40 trillion in debt, in part powered by a recent climb in Treasury yields.
US annual interest expense is up to a record 18.5% of federal government revenue, according to fresh ****** ysis from bond investment firm Doubleline (see chart below). This is now officially above the previous record of 18.4% set in 1991.
"The US debt crisis is in uncharted territory," strategists at the Kobeissi Letter wrote in a note.
Consider this: The aforementioned percentage has more than quadrupled over the past four years. The US annual interest expense now stands at a record $1.25 trillion, more than four times the level seen in 1991.
#debt
Case in point: rising interest payments on some $40 trillion in debt, in part powered by a recent climb in Treasury yields.
US annual interest expense is up to a record 18.5% of federal government revenue, according to fresh ****** ysis from bond investment firm Doubleline (see chart below). This is now officially above the previous record of 18.4% set in 1991.
"The US debt crisis is in uncharted territory," strategists at the Kobeissi Letter wrote in a note.
Consider this: The aforementioned percentage has more than quadrupled over the past four years. The US annual interest expense now stands at a record $1.25 trillion, more than four times the level seen in 1991.
#debt
1 day ago
