The total amount of US treasury bonds surpassed 40 trillion US dollars for the first time. This astronomical figure, which seems unrelated to ordinary people, is being transmitted to the daily lives of Americans through channels such as interest rates, loans, wages, and even living costs. The first thing that is affected is the cost of borrowing for ordinary people. As the US government issues more and more treasury bonds, bond yields are under upward pressure, and treasury yields are also an important benchmark for interest rates across the entire economic system. As interest rates rise, mortgages, car loans, student loans, business loans, and credit card debt will all become more expensive. According to an analysis by the Yale Budget Lab, the increase in federal debt between 2015 and 2025 increased the annual cost of a typical US residential mortgage by about $2,500, and an increase of about $120 for an ordinary car loan. High borrowing costs also have a profound impact on people's life decisions. From buying a home to daily relocation, these normal changes may be difficult due to excessive loan costs.

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