According to CoinMeta, on Wednesday, the U.S. Treasury Department maintained its previous guidance on the scale of future debt issuance, indicating that even as the federal government's borrowing needs continue to rise, the issuance of U.S. Treasurys and notes will not be adjusted until 2027. Treasury officials expect that the issuance of nominally interest-bearing bonds and floating-rate bonds will remain at current levels “for at least the next few quarters.” This strategy will further deepen the U.S. Treasury Department's reliance on short-term bonds with maturities of no more than one year. Currently, short-term Treasurys account for a historically high proportion of the United States' outstanding debt, increasing the risk that debt service costs could have a significant impact on the market, especially as traders bet that the Federal Reserve may be forced to tighten monetary policy in the coming months.