Treasury bills carry lower interest rates than longer-term Treasury notes and bonds, but the longer term notes and bonds are exposed to a greater risk of losing their value to inflation. To the degree that the $1.7 trillion in short-term U.S. Treasury bills extant as of March must be converted into longer-term U.S. Treasury securities, the U.S. government will be forced to pay a higher annual interest rate on the national debt.Read the whole thing
As of the close of business on Thursday, the total U.S. debt was $14.34 trillion, according to the Daily Treasury Statement. Of that, approximately $9.74 trillion was debt held by the public and approximately $4.61 trillion was “intragovernmental” debt.
Friday, June 03, 2011
China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills...
CNBC:
Labels:
China,
debt,
inflation,
interest rates,
Treasury bills,
Treasury bonds,
U.S. economy
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