According to CoinMeta, economists Mohamed El - Erian indicate that the yield on 30-year U.S. Treasury bonds reaching 5.27% signals a structural shift that will make the United States more expensive. They point out that the current high interest rates on U.S. bonds are a precursor to an even more affordable crisis. They believe that if the selling pressure on bonds continues, this could mark a more lasting and globally influential economic structural change than previous market fluctuations. Despite the U.S. Treasury Department's announcement of increasing the scale of long-term bond repurchases to $4 billion, the selling pressure has not eased. El-Erian also mentioned that as national debt exceeds $40 trillion, these high yields will translate into substantial interest payments, with net interest on public debt expected to reach $963 billion in fiscal year 2026, second only to social security as the largest annual government expenditure.