20min chapter

On The Margin cover image

Michael Kao on November Fed Meeting, Treasury Refunding, & Bond Market Bear Steepening

On The Margin

CHAPTER

Issuance of US Treasury Debt and the Transition to Longer Durations

The speakers discuss the reasons behind the gradual transition to longer durations in US treasury debt issuance. They explain the need to replace maturing debt and how borrowing short-term during the recession helped stimulate the economy. They also explore the possibility of the US issuing 50-year and 100-year bonds and its potential impact on the banking situation.

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