分析师：美国债务成本仍令人担忧

Core Viewpoint - Concerns regarding the rising cost of U.S. debt remain significant, particularly with the upcoming budget negotiations in Congress [1] Group 1: Debt and Fiscal Policy - The U.S. budget is expected to be finalized within the next month before Congress recesses, maintaining worries about long-term bond yields [1] - Even with an anticipated $250-300 billion in tariff revenue, the fiscal deficit is projected to remain around 7% of GDP [1] - The likelihood of reducing the debt level in the short term is low, as the Trump administration is not expected to implement tax increases or substantial spending cuts [1] Group 2: Borrowing Costs - The only feasible way to lower the deficit appears to be through a significant decrease in borrowing costs [1]