Fun Fact of the Day, September 9, 2019

September 9, 2019

The Risk - The average interest rate paid by the US government on its interest-bearing debt was 2.554% as of 7/31/19. The average interest rate paid on our interest bearing debt was 3.418% as of 7/31/09 (10 years earlier) or just under 0.9 percentage points higher. Every 1 percentage point increase in the cost of debt on our nation’s $16.2 trillion of publicly held debt is equal to $162 billion of annual interest expense (source: Treasury Dept.).

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