Posted on 11/27/2023 7:20:19 AM PST by ChicagoConservative27
Nearly a third of all outstanding US government debt is set to mature in the next 12 months, according to an analysis from asset management firm Apollo.
A chart shared by Chief Economist Torsten Sløk in September showed that the share of US public debt set to mature in a year or less has steadily risen toward pandemic-era levels and is now at 31%.
In terms of dollar amount, that's $7.6 trillion, a high not seen since early 2021, and is a source of upward pressure on US rates, he added. In addition, public debt maturing in the near term accounts for more than a quarter of US GDP. However, this is below its 2020 peak, when it made up a significantly larger share.
(Excerpt) Read more at msn.com ...
My understanding is that .gov can pay the loans off early—and there are many critics out there blasting .gov officials for failing to do so before rates rose.
Well then the govt missed the boat BIGLY! But what else is new?
Just don’t pay…what are “they” gonna do. Sue us? The courts are so crooked you can pay them off, it’s much cheaper.
Actually the subprime car loan market has puckered really well. They are very very picky now.
Look who’s in charge. Does this surprise you at all?
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