Due to continuous demand for US Treasury securities over the last 30 years and due to global deflationary pressures, triggered by globalization (cost optimization of global businesses) - the yields of 10 and 30 year Notes continue to decline along their long term descending trend line
The result of such a development - is the current cost of US debt is lower than ever, which in turn allows larger external debt to be held by the States.
As one can see in Monthly Treasury Statement - Net interest is the lowest type of Outlays in the US Budget
higgs.rghost.ru/7cKLDtW88/image.png
(scource: www.fiscal.treasury....reasStmt/current.htm)
The result of such a development - is the current cost of US debt is lower than ever, which in turn allows larger external debt to be held by the States.
As one can see in Monthly Treasury Statement - Net interest is the lowest type of Outlays in the US Budget
higgs.rghost.ru/7cKLDtW88/image.png
(scource: www.fiscal.treasury....reasStmt/current.htm)
