TechFlow news, on December 5, U.S. Treasury data showed that marketable federal debt—measured by short-term T-bills, medium-term and long-term Treasury bonds—rose to approximately $30.2 trillion in November, while total federal debt including intra-governmental liabilities such as Social Security funds surpassed $38.4 trillion, with annualized interest expenses reaching about $1.2 trillion. Analysts at BiyaPay pointed out that high interest rates combined with high debt levels are turning interest payments into a "second fiscal deficit," which will gradually constrain the Federal Reserve's ability to maintain high interest rates over the long term. This trend is generally positive for valuations of U.S. equities, gold, and major digital assets over the medium to long term, though volatility will likely intensify.
Investors using USDT via BiyaPay to participate in spot and derivatives investments in U.S. stocks, Hong Kong stocks, and cryptocurrencies should treat U.S. debt and interest rate cycles as a key long-term "underlying variable." While maintaining an optimistic outlook on the overall trend, investors should practice diversified allocation and prudent position management, avoiding blindly increasing leverage during short-term emotional market swings.
