The debt ceiling crisis probably cost less than half a billion dollars
One of the (many) downsides of the debt ceiling debacle is the possibility that it undermined faith in US treasury bonds. If that happened, interest rates on treasuries would increase, potentially costing the government billions in higher funding rates. So did this happen? A very rough back-of-the-envelope look at treasury yields suggests it did—a little ...continue reading "The debt ceiling crisis probably cost less than half a billion dollars"
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