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#USTBillSupplyMayRise The US may be shortening the maturity of its debt problem 👀 Wall Street expects roughly $1T more net T-bill financing over the next year, with bills potentially reaching 24.3% of marketable Treasury debt. What caught my attention is the trade-off. Short-term funding avoids locking in today's expensive long yields, but forces Treasury to refinance more often. If inflation and policy rates stay high, cheaper funding today could become bigger rollover risk tomorrow.