Latest / The National Debt Podcast with Fexingo: Treasury, Borrowing, and Long-Term Fiscal Outlook
Why Debt Maturity Is The Silent Killer Of Fiscal Policy
The federal debt has crossed thirty-nine trillion dollars, but the real danger isn't just the total number—it's how that debt is structured. Lucas and Luna dissect the Treasury's maturity ladder, explaining why refinancing short-term bills into long-term bonds at five percent yields creates a structural fiscal trap. With the ten-year yield sitting near four point ninety-five percent and the spread between two-year and ten-year Treasuries compressing to zero point three three percent, the cost of borrowing is locking in high expenses for decades. We break down why managing the…
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