Posted on 03/03/2009 3:32:22 PM PST by prplhze2000
Is Obama financing his deficit with short-term or long-term treasury bonds?
If short-term, won't that cause a huge problem if yields have gone up when they expire?
http://www.bloomberg.com/markets/ecalendar/index.html
march 12th, and march 19th will be volatile days if the trend breaks in the way your question suggest it must eventually.
(and most people have the same question in their minds)
If you spent $1 million dollars a day from the day Christ was born, you can’t spend the money that Obozo has spent in 35 days as POTUS.
I believe they have been hitting the 5-10 year bonds pretty heavily. Yes, 30 year debt at low interest would be better, but they might not find any buyers. Up goes the yield curve, which they do NOT want.
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