Key points
US net interest expense as a share of GDP vs 10-year yield (since 1986) ｜ Net interest near 3.3% of GDP, the highest shown, while the 10Y sits at about 4.5% (vs about 7% at the 1991 peak)
Image source: @BlakeMillardCFA
2026-09-23
US Net Interest Expense Hits About 3.3% of GDP, a Multi-Decade High, With the 10-Year Yield at Just 4.5%