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Tag Archives: Weighted Average Maturity
Guest Post at Intuitive Analytics
Peter Orr, the founder of Intuitive Analytics, was kind enough to post my article Is the Treasury Really Going Long? on his blog. His company provides advanced software and consulting related to debt finance, and his blog provides thoughtful commentary on debt … Continue reading
Posted in Bonds, Economics
Tagged Intuitive Analytics, Peter Orr, Treasury Debt, Weighted Average Maturity
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Extending the Weighted Average Maturity: Complete Nonsense?
Today, officials of the U.S. Treasury held one of their quarterly meetings with the Treasury Borrowing Advisory Committee (“TBAC”), a group of bond dealers and institutional investors. TBAC had previously been asked whether the Treasury should cause the weighted average … Continue reading
QWAFAFEW Talk on the National Debt: The Slides
Here are the slides from “The National Debt: Myths and Realities”, a talk I gave to QWAFAFEW in Denver last week. Qwafafew talk 31 jan2013 from Winthrop T. Smith By the way, the presentation draws on two recent articles from this … Continue reading
Posted in Bonds, Economics
Tagged Federal Reserve, QWAFAFEW, Talks, Treasury Debt, Weighted Average Maturity
2 Comments
The National Debt is Closer than it May Appear
Nate Silver, the star statistician who correctly called last year’s presidential election as well as almost every senate race, wrote an article last week titled What is Driving Growth in Government Spending?. One factor he considered was the interest on … Continue reading
Posted in Bonds, Economics
Tagged Median Maturity, Nate Silver, Treasury Debt, U.S. Treasury, Weighted Average Maturity
3 Comments
Is the Treasury Really Going Long?
In football, a quarterback “goes long” by heaving the ball down the field. If the play succeeds, the team advances many yards and might even score a touchdown. If the play fails, a down is wasted and there might even … Continue reading
Posted in Bonds, Economics
Tagged Federal Reserve, Treasury Debt, U.S. Treasury, Weighted Average Maturity
6 Comments
GARP Presentation on Interest Rate Risk and the Treasury
Last week, I gave a talk to the Denver Chapter of the Global Association of Risk Professionals (“GARP”) on the topic of “Interest Rate Risk and the U.S. Treasury.” Click Here to see the slides in a new window (the slide … Continue reading
Posted in Bonds, Economics
Tagged Federal Reserve, GARP, Interest Rate Risk, Marketable Debt, Talks, Treasury Debt, U.S. Treasury, Weighted Average Maturity
2 Comments
My Comment to the Treasury on Floating Rate Notes
As I noted here, the U.S. Treasury is considering the sale of floating rate notes (“FRNs”) to help meet its funding needs. The Treasury recently requested comments from the public on this topic. I submitted this comment: One of the reasons … Continue reading
Posted in Bonds, Economics
Tagged Floating Rate Debt, FRNs, Interest Rate Risk, Seeking Alpha, Treasury Debt, Treasury Floaters, Weighted Average Maturity
2 Comments