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@ Lyn Alden
2025-05-07 13:25:08
As an update to this post from last month, Q1 2025 had less interest expense than Q4 2024.
Treasury notes and bills of about 2 years or less are reinvesting with lower interest rates, while Treasury notes and bonds of 3+ years are reinvesting with higher rates.
Interest expense is going to remain elevated as long as interest rates remain elevated, but the "Treasury has to roll $9 trillion in debt this year" narrative was so overdone.
https://blossom.primal.net/fc0a12bb4d47a3217e0011632077690b05a63036d1b42158d74342dbe5455784.png
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