With U.S. Federal government debt approaching $17 trillion, today’s low interest-rate environment offers a unique opportunity to avoid massive debt servicing burdens in the future. Interest on Federal debt is set to triple to 5.7% of GDP within 30 years, but current low bond yields mean the government could refinance at longer term maturities of up to 30 years, drastically reducing the burden on future administrations. Insights via @CMEGroup
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