Friday, February 9, 2018

A Terrifying Chart

The chart above is the Treasury debt, marketable, by maturity. Recall from the previous chart that we have seen the short term rates explode. Then look at the above and see that most of the debt is short term and will be turning over but at higher interest rates! So 6 trillion at a 2% interest rate change is an interest increase of $120 billion. Just where is that in the Budget!