US federal debt reached $39.89 trillion on August 10, just $108 billion shy of the $40 trillion mark, growing at $7.9 billion per day. Interest on the public debt has totaled $1.17 trillion since October, surpassing the $804 billion allocated to national defense. The deficit alone hit $432 billion in July, yet bond yields have climbed to historic levels, with the 10-year closing at 4.68% and the 30-year at 5.24%, the highest since 2007. Bitcoin fell to around $63,502, down 49% from its October 2025 peak, while gold rallied despite the same fiscal backdrop.
Source: Read the original article
