CSPAN Capitol Hill Hearings September 21, 2012
rates. we're borrowing at the lowest rates in history and when we go out and start selling debt instruments, we're not selling everyone as a 30-year bond where nobody will come looking for the principal for another 30 years. we sell debt in 28-day instruments. . one month, three months, six months. short-term instruments financed the debt. and what does that mean? we have tremendous interest rate risk in and if we have those amortized, we know what those are going to be. so to the treasury's credit, go back to 1980 here, average maturity of debt, where interest rates have gotten lowe...
Source: archive.org