Friday, January 8, 2010
Marketable Treasury Debt Maturity - Update
Well it looks like the boys and girls in the US Treasury have been busy pushing out the curve...the front quarter rollover was reduced by a whopping 20.8% while the front six months cumulative rollover dropped 5.5%. All this while the total marketable debt outstanding increased 3.4%...
Which begs the question, who is buying all the interest rate risk? The scuttlebutt I have read is that foreign holders are moving to shorter durations - anyone heard different with sources?
Data Source:US Treasury Dec 2009 MSPD
Previous post on rollover:Marketable Debt Rollover 3Q 2009