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As the whodunnit on the long-term Treasury yields continue, and the Fed chairman adopts a self serving take on the cause of the rise in yields— let’s look at since really scary fiscal math. @TheTerminal https://t.co/Wv6CIkmNA3 1) the debt servicing cost of Treasury will steeply, because current effective rate on each maturity is substantially below current market rate

AnnaEconomist ↗