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Sunday, December 17, 2017

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What a Loan Officer Would Say to the U.S. Government

By michael lombardi, published on Apr 1, 2014

...on its national debt. For the entire year, it expects to pay about $420 billion in interest. The more debt we pile on as the years go by, the more interest we will be paying on that debt.

As for interest rates themselves, they have been rising. Since mid-2012, the yield on the 10-year U.S. Treasury has gone up from 1.4% to 2.7% today, a whopping increase of 92%.

When a family is in trouble, it tries to make at least the minimum payments on its debt. Right now, the U.S. government isn’t even making a minimum payment. It is covering its interest payments on its debt by... (more)

Tags: china, japan, interest rates, credit crisis, federal reserve, national debt, gdp, budget deficit, 10-year u.s. treasury, u.s. bonds, u.s. treasuries

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