More from the article ...

... What that means takes a primer to understand how Washington actually borrows. The Treasury doesn't take out one huge annual loan, rather, it raises cash by selling debt at regularly scheduled auctions. The shortest-dated IOUs, sometimes called "T-bills," come due in a year or less, while the longer-dated notes and bonds -- known as "coupons" -- run anywhere from two to 30 years.

The T-bills offer Washington, now, a rare opportunity to borrow money for the cheap.

At the time of writing, the three-month bill yielded around 3.8%, while the 10-year Treasury yield sat around 4.6%, and the 30-year at a multi-decade high above 5%. So what Treasury Secretary Scott Bessent has done is lean unusually hard on the cheaper rate today to finance a roughly $2 trillion annual deficit. That holds down reported borrowing costs but leaves the government more exposed to inflation and rising rates. ...

@#1

Yeah, the article is a deep dive into the financial issues facing the Country.

A good analysis.

Worth a read.

imo.