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$7.6 trillion of US government debt will mature in the next year, adding pressure on rates

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$7.6 trillion in interest-bearing US public debt will mature within a year , Apollo 's chief economist said in September .

That represents 31% of all outstanding US government debt, adding upward pressure on rates.

Public debt maturing in the near term accounts for more than a quarter of US GDP.

The estimate comes as federal deficits have exploded in recent years , raising the trajectory of US debt.