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November 14, 2016

Trump already (notionally) cost $80 billion to the US budget

I know it is not immediate, but for some reasons, nobody has spoken about the sharp increase in US interest rates of the US Treasuries. On November 8, the yield of 10-year US Treasuries was 1.85%. Today, it is already at 2.25%. This increase of 0.40% applied to the level of $ 20 trillion of US public debt represents an annual cost to the budget of $ 80 billion. This is a notional calculation since the debt will only become more expensive after each renewal of debt. Read More

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