US Treasuries are generating unprecedented returns, paying out about $2 million per minute in interest, as yields have surged to over 4% from virtually zero just two years ago. This dramatic shift, spurred by rate hikes from the Federal Reserve, has revitalized Treasuries as a stable source of income, reflecting their traditional economic role. Last year alone, interest payments on US government debt nearly doubled the decade's average to $900 billion, with projections from the Congressional Budget Office expecting this figure to continue rising annually.
Posted: 2024-05-07 08:59:26.000000