SpaceX Option🇺🇸 The US interest payments on its debt have reached a historic high.
The government now spends an amount equivalent to 3.3% of the entire economy just on interest.
BofA stated that if rates stay here, total interest costs will rise from $1.4tn today to $1.7tn by 2028.
The only way to stop it is for the 5-year Treasury yield to break below 3.25%.
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