“The government’s recent reliance on short-term instruments like T-bills exposes it to significant refinancing risks. In the next year alone, $6.7 trillion in debt will need to be refinanced at higher rates, amplifying the fiscal strain.”
I collaborated with Sam Callahan to publish a research report on fiscal dominance:
https://www.lynalden.com/full-steam-ahead-all-aboard-fiscal-dominance/
“The government’s recent reliance on short-term instruments like T-bills exposes it to significant refinancing risks. In the next year alone, $6.7 trillion in debt will need to be refinanced at higher rates, amplifying the fiscal strain.”
No replies yet.