2020 has been quite a ride and although we've still a month to go, lets review US debt and interest rates.
US marketable Treasury debt has increased by $4.2 trillion dollars thus far in 2020. This has driven US Treasury debt to $27.4 trillion. But nearly all the growth is coming among the marketable Treasury debt...while the demographically driven Intragovernmental (IG) debt (SS holdings, etc.) are in the process of rolling over.