Trump May Set a New Record: 30-Year Treasury Financing Costs Poised to Hit Highest Since 2001

Odaily News The U.S. Treasury will auction $25 billion in 30-year bonds on Thursday, with financing costs expected to reach their highest level since 2001. In the current fiscal year ending September 30, the U.S. government's interest payments on its debt have already reached $1.17 trillion, a year-over-year increase of 15%. According to data from the U.S. Congress, U.S. debt actually increased by $2.25 trillion during the first year of Trump's second term; by July of this year, that figure had further risen to $3.16 trillion.