The United States has over $30Trillion in debt of which over $20Trillion trades daily as government bills, bonds, and notes – obligations which in theory have to be retired when they mature. Interest rates had been at all time lows for years until the beginning of 2022. Then the economy came under pressure, inflation started to rise above the Fed's target and action by the Federal Reserve began. Two rate increases of 0.25 and 0.75 points have been made with multiple increases of 0.75 points threatened in the near term.  What impact will that have on the bond markets and the government's ability to retire the debt?