US Treasury Refinancing Wave Looms as $6.1 Trillion Matures in 2026

The US faces a massive refinancing challenge: $6.1 trillion in T-Bills mature within 12 months, with $7.5 trillion due in 2026 total. A 75-basis-point Fed rate hike could add $50 billion annually to T-Bill interest costs alone. Refinancing at higher market rates threatens USD funding costs and bond yields; traders should watch for sustained USD strength and potential volatility in dollar funding markets.