Why the 30-year bond matters
The Indicator from Planet Money
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The Legacy of the 30-Year Bond
This chapter explores the evolution and crucial role of the 30-year U.S. government bond within the American financial system, tracing its origins to rising government debt during the Vietnam War. It highlights the bond's significance as a stable investment, its impact on borrowing rates, and the concerns surrounding fiscal stability and potential default risks in current economic conditions.
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