Nearly $3 trillion of U.S. debt is expected to hit maturity in 2025, much of it of a short-term nature that the Treasury Department has been issuing in large amounts over the past few years.
If you assume that we’re going to be running trillion-dollar-plus deficits beyond 2025 then eventually, cumulatively, that will overwhelm the T-bill issuance,” Tom Tzitzouris, head of fixed income at Strategas Research Partners said Tuesday on CNBC’s “Squawk Box.”