James Lavish highlights why the US Treasury is pushing hard for more rate cuts: with a huge portion of government debt tied to short-term T-bills, every 25 bps cut trims about $25 billion from annual interest costs.
Lower rates = Lower debt costs. The math explains the urgency.
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Macro Update:
James Lavish highlights why the US Treasury is pushing hard for more rate cuts: with a huge portion of government debt tied to short-term T-bills, every 25 bps cut trims about $25 billion from annual interest costs.
Lower rates = Lower debt costs. The math explains the urgency.