The current Treasury Debt is $11.1 T and it is composed of:
1. $1.3 T Bonds
2. $7.4 in Notes
3. $1.6 in Bills
and the remaining in TIPS.
Now the distribution of the interest rates is of interest. First the Bills are:
The Notes are:
And the Bonds are:
We examined this two years ago and the good news is a shift to lower interest rates. The bad news is that the FED bought most of this junk. What happens when this stops!