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The Treasury increased the total debt by $125B in May after a brief drop in April. This brings the total debt increase so far in 2022 to $880B. More importantly, though, the cost to service the debt is exploding. Total annualized interest has increased by $40B or 13.5% since the start of the year! With […]
The post Treasury Scrambles to Lock in Rates as Borrowing Cost Soars first appeared on SchiffGold.