Swedish media: Confidence in U.S. Treasury bonds is declining.

According to a report by the Swiss newspaper Neue Zrcher Zeitung on August 5, by the end of 2025, the scale of U.S. outstanding national debt will reach $30.7 trillion, equivalent to about 95% of the U.S. gross domestic product. The total government debt is even higher, with a GDP ratio exceeding 120%, but part of it is not circulating in the market; instead, it is held by entities such as the U.S. Federal Reserve.