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BEARISHCore thesis · 5/5

US Treasury's $10.3T 2026 debt rollover

The bearish case argued: the US government's need to roll over $10.3 trillion in debt in 2026, largely in short-term T-bills, creates an enormous, unsustainable capital demand that risks dislocating credit markets.

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US Treasury's $10.3T 2026 debt rollover · Zortix