Matthew Klein warns of a debt-management risk: the Treasury could buy back long bonds at about 4.7%, then face 5% short-term rates later. That mismatch would shift costs to the front end and could have major financial consequences.
published
Matthew Klein warns of a debt-management risk: the Treasury could buy back long bonds at about 4.7%, then face 5% short-term rates later. That mismatch would shift costs to the front end and could have major financial consequences.
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