If Treasuries were a 'safe haven' at $30T, what are they at $40T?

Market strategists question the safe-haven status of U.S. Treasuries as national debt hits $40T. While some cite fiscal concerns, others attribute rising yields to massive corporate debt issuance by cash-strapped tech giants competing with government bonds. This surge has increased Treasury allocation in passive indexes, prompting active managers to reduce exposure. Experts suggest the government may intervene to cap ten-year yields at 5%.