Ever since the financial crisis in late 2008, the US govt has been in bailout mode. Instead of reducing the risks, they keep piling on more risk. The Fed is the drug dealer providing the fix for the spending addicts (Congress). The US Treasury has to refinance $8 trillion per year now in short term debt. AND it has to finance $2.1 trillion in new debt due to budget deficits. The bond markets are getting nervous and demanding higher rates due to the risk.(Wall Street Mav)