This page zooms in on US debt. The left-hand chart looks at the evolution of debt to GDP across different sectors of the economy, and highlights the sharp rise in government debt during the pandemic. The right-hand chart compares US nominal GDP growth to the level of the 10-year Treasury yield. In the post-war period, US growth accelerated sharply while central bank policy kept a tight lid on Treasury yields. Policymakers may look to achieve a similar result going forward given the rapid debt accumulation witnessed since the start of the pandemic.