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Treasuries have maturities up to 10 years, so some bonds that will mature in 2030 (and new bonds need to be reissues at current rates) were issued at rates from
by refurb 4y ago
Treasuries have maturities up to 10 years, so some bonds that will mature in 2030 (and new bonds need to be reissues at current rates) were issued at rates from 2020.
Thus, a relatively large portion of the federal debt may be isolated from a relatively short (3-5 year) jump in rates.
- vitaflo 4y agoTreasuries go up to 30 year maturities. In fact, the 30 year Treasury used to be the leading indicator for the bond market. Most use the 10 year now though.
- refurb 4y agoYou are correct, I was thinking the distinction between t-bills, treasury notes and treasury bonds, which denote different maturity length.