Y.A.B.A.N

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Y.A.B.A.N

moorewr:

crazynutjob:

US Debt Maturity Profile, AKA When do we have to pay for all of this?
This is now a joke. The Fed is going to monetize all of our debt! We never have to pay! Hahahaha… sigh.
This is $8.5 trillion in US debt representing the available set of targets for $850-$900 billion in purchasing power by the Fed. QE2 added $600 billion to the already significant planned purchases (from reinvesting maturing agency debt and MBS payments). The Fed will be targeting specific maturities. The vast majority of QE2 (86%) will be distributed on the 2-10 year maturities with 23% of the total aimed at 7-10 year treasuries.
As before, our average interest rate continued to drop despite the ability of the Fed to push out our debt to longer maturities. There was a pause on the interest rate on our marketable securities between September and October, but we still show year over year improvement.
(October treasury data here)

(Good thing we’re too big to fail?)

Um… lots of big words and phrases. What does this all mean?

moorewr:

crazynutjob:

US Debt Maturity Profile, AKA When do we have to pay for all of this?

This is now a joke. The Fed is going to monetize all of our debt! We never have to pay! Hahahaha… sigh.

This is $8.5 trillion in US debt representing the available set of targets for $850-$900 billion in purchasing power by the Fed. QE2 added $600 billion to the already significant planned purchases (from reinvesting maturing agency debt and MBS payments). The Fed will be targeting specific maturities. The vast majority of QE2 (86%) will be distributed on the 2-10 year maturities with 23% of the total aimed at 7-10 year treasuries.

As before, our average interest rate continued to drop despite the ability of the Fed to push out our debt to longer maturities. There was a pause on the interest rate on our marketable securities between September and October, but we still show year over year improvement.

(October treasury data here)

(Good thing we’re too big to fail?)

Um… lots of big words and phrases. What does this all mean?

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I have many leather-bound books and my apartment smells of rich mahogany.

Solar Eclipse 20 May 2012

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