RE: How High Can Rates Go?

[preparedwombat]

Biden just proudly announced that the U.S. had paid off some debt (or deficit, he was a bit vague) for the first time in six years. Less than one-tenth of one percent over a three month period. Yay?

At the same time, rates are going up. What could possibly go wrong?

Comments

[nealmcspadden]

I don't follow any presidential announcements. Got a link?

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[preparedwombat]

https://abcnews.go.com/Politics/biden-touts-economic-growth-debt-deficit-reduction-ahead/story?id=84492487

and

https://finance.yahoo.com/news/u-treasury-now-sees-26-190000450.html

[nealmcspadden]

Yeah, cutting the deficit just means not going as upside down as planned. Which is good, I guess.

The actual debt paydown would be something. I am skeptical when I see that's expected to and based on projections

The Treasury’s new projections, released in Washington Monday, show debt managers now expect to pay down $26 billion of debt in the April-through-June period. That compares with $66 billion in new borrowing it anticipated in January, and would mark the first quarterly paydown in six years.

These things often disappear when push comes to shove.

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