quick take
- horizon kinetics It analyzes the maturity structure of US Treasury securities through 2052, totaling $23.8 trillion.
- Maturity dates, years to maturity, and weighted average maturity are displayed in a cumulative breakdown table.
- Based on year-end 2022 figures, the data reveals $23.8 trillion worth of outstanding debt that needs to be rolled over over various time periods.
- More than 50% of the debt will mature by January 2026 and 30% will mature by January 2024.
- The main problem is that the Federal Reserve has been raising interest rates at its fastest pace in more than 40 years, so it has to pay off its debt at a higher interest rate.
- Gabor GracchusHe, a strategic adviser to Tether, also noted that interest rates were kept too low from 2008 to 2021 and that subsequent changes were “raised too quickly to 5%.”
- If the Fed’s federal funds rate stays high for an extended period of time, it will take up an even larger share of the U.S. budget, cutting into other areas such as education.
The post-maturity structure of US Treasuries: 30% to mature by the end of 2023 first appeared on CryptoSlate.
