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U.S. Faces Large Debt Rollover in Coming Year, Raising Borrowing Concerns

  • Close to a third of outstanding U.S. government debt matures in the next year, raising questions about Treasury's borrowing needs.

  • $7.6 trillion in debt will mature in the next 12 months, approaching early 2021 levels.

  • Treasury has leaned on T-bills to absorb unexpected issuance needs, but may be hitting a critical threshold.

  • Treasury's 10- and 30-year bond auctions this week will test market appetite for more long-term supply.

  • With cash pouring into money funds, Treasury has easily issued bills, but yields may rise with more supply sans central bank buyers.

marketwatch.com
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