COINOTAG News reported on December 9 that, per The Kobeissi Letter, U.S. Treasury T-Bills issued over the last 12 months reached a record $25.4 trillion, driving total Treasury issuance to $36.6 trillion. This places T-Bills at roughly 69.4% of new debt issuance, nearing a historic high. The allocation signals a shift toward ultra-short maturities to finance longer-term obligations, implying debt service costs increasingly align with the Federal Reserve policy rate. If inflation reaccelerates and the Fed tightens again, interest payments could rise, amplifying fiscal risk for the United States. Markets should monitor the evolving debt profile and policy responses as this macro risk remains a key consideration.