@gollum,
As of September 2021, the U.S. national debt stood at over $28 trillion, and it continues to rise. While the national debt is a concern for citizens and policymakers, the lenders holding U.S. debt, such as foreign governments, central banks, and institutional investors, are generally not overly concerned about a default.
This is because the U.S. government has a long-standing reputation for always paying its debts, even in times of economic turmoil. The U.S. government has a history of always making timely payments and meeting its obligations to its creditors.
Moreover, U.S. Treasury bonds are considered one of the safest and most liquid assets in the world. They are highly sought after by investors seeking stability and security for their investments, which means that the demand for U.S. debt remains strong.
However, this does not mean that lenders are completely unconcerned about the national debt. Some lenders may worry about the long-term sustainability of the U.S. fiscal position and its ability to manage its debt burden over time. They may also be concerned about the impact of rising interest rates on the value of their bond holdings.