#BTCvsETH Debt Composition and Refinancing Risks**

- **Debt Instruments**:

| **Type** | **Amount** | **Share of Public Debt** |

|----------------|------------------|--------------------------|

| Treasury notes | $14.89 trillion | 51.44% |

| Treasury bills | $6.00 trillion | 20.73% |

| Treasury bonds | $4.98 trillion | 17.20% |

| Other securities | $3.08 trillion | 10.63% | .

- **Refinancing Pressure**: **31.4%** ($11+ trillion) of debt matures within 12 months, requiring refinancing amid volatile interest rates .

- **Average Maturity**: **71 months** (up from 69 months in 2020), indicating slightly longer borrowing terms .