by David Greenberg at The Daily Financial Trends
According to an analysis by asset management firm Apollo, almost a third of all outstanding US government debt is poised to mature in the next 12 months.
Chief Economist Torsten Sløk shared a chart in September which showed that the share of US government debt poised to mature within the next 12 months has been steadily rising to near pandemic-era levels, and now stands at 31%.
That represents $7.6 trillion, which is a high not seen since the beginning of 2021, and which will work to drive up US rates. On top of that, public debt that is maturing in the near-term is equivalent to over one quarter of the US GDP. While impressive, this is below its peak in 2020, when it comprised a significantly larger share of the GDP.
The analysis comes amid exploding federal deficits in recent years, which have triggered a spike in the US national debt. In just the third quarter, the Treasury Department auctioned off $1 trillion in bonds.
It is possible the US debt coming due may continue to rise,…Continue Reading