Assessing the Costs of Rolling Over Government Debt

RePEc Short ID: pko790
ORCID iD: 0000-0001-8464-2470

Jordan-Wood, Samuel; Kozlowski, Julian

doi:10.20955/es.2023.13

Journal Article

Assessing the Costs of Rolling Over Government Debt

Abstract: The US government has $21.4 trillion in outstanding Treasury debt in bills, notes, and bonds. Given the federal funds rate is up 4-5% over the past year, how expensive will it be to roll over maturing Treasury debt at these higher rates?

Keywords: government debt; Treasury bills; Treasury notes; Treasury bonds; federal funds rate;

https://doi.org/10.20955/es.2023.13