re: 10 yr yield going to 5%

Okay, got it now. I thought y'all were talking about this year and next year not a hypothetical like refinancing all $34T at once.

Average Interest Rates on Debt

Here's a dataset on outstanding debt since I was curious what it is right now. Back in 2019 the average note was in the 1.5-2% range. In December it was 3.113%. Pretty wild but that's double in just a few years.