A Set on edgi
How America Rolls Over Its Debt
The national debt is not one giant bill. It is a schedule of IOUs, with old ones coming due while Treasury sells new ones.
-
Deficit spending Deficit spending is the amount by which spending exceeds revenue over a specific period, usually a single fiscal year.
-
National debt of the United States
The cumulative money borrowed by the US government to cover budget deficits, tracked as outstanding Treasury securities.
-
United States Treasury security
United States Treasury securities are debt instruments issued by the government and used as cash equivalents worldwide.
-
Auction
An auction is a process of buying or selling goods and services through bids, which are offers of a specific price or terms.
-
Maturity (finance)
Maturity is the exact date when a loan, bond, or other debt must be fully repaid to the lender.
-
Yield to maturity
Yield to maturity calculates the total annual return on a bond held to the end, factoring in its market price, regular payments, and face value.
-
Yield curve
A yield curve is a line graph that compares the interest rates of bonds from the same issuer across different lengths of time.
-
Market liquidity Market liquidity is a market feature that lets you buy or sell an asset quickly without forcing a major change in its price.
-
Open market operation
An open market operation is the buying or selling of government bonds by a central bank to manage interest rates and liquidity.