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总结

报道指出,美国联邦债务规模已突破38万亿美元,财政赤字背景下需要持续扩大国债发行以融资。与此同时,企业债发行量激增,可能与国债在投资者资金与风险偏好上形成竞争,削弱对国债的边际需求并推高收益率,从而抬升政府融资成本。多家评论提及利息支出或在2026年前后逼近或超过1万亿美元,市场担忧财政可持续性及对金融稳定、货币政策与政治预期的连锁影响。

正文

As U.S. debt soars past $38 trillion, the flood of corporate bonds is a growing threat to the Treasury supply Fortune Donald Trump Gets Warning Sign on Economy From US Voters Newsweek With The U.S. Debt A Staggering $38 Trillion Dollars, Who Exactly Do We Owe? Forbes The other 'doomsday clock' ticks in trillions | Paul Chiampa MassLive U.S. national debt interest payments to top $1 trillion in 2026 qz.com
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