Don’t be scared, the UST10Y could be primed >3%
This chart says American’s feel great having less savings. This will not end well..
DB's Torsten Slok points out that U.S. debt has a lower average maturity than most of its peers. My takeaway: This is concerning, especially as rates rise. The U.S. didn't lock in the ultra low rates of recent years, making it more expensive for it to finance its deficit. pic.twitter.com/PODz3WguNe
— Lisa Abramowicz (@lisaabramowicz1) February 27, 2018