Once again I go direct from your post to FRED. The FEDFUNDS peak falls between the 1980 and '82 recessions. So rates were falling for almost all of the high-spot on your graph. I think this fits with your note on "treasury duration".
Some similarity to Federal surplus and deficit, as well.
Once again I go direct from your post to FRED. The FEDFUNDS peak falls between the 1980 and '82 recessions. So rates were falling for almost all of the high-spot on your graph. I think this fits with your note on "treasury duration".
ReplyDeleteSome similarity to Federal surplus and deficit, as well.
I do not understand your note below the graph.
Art,
DeleteI do not know if the data correspond to intra-governmental debt.
Great read thannk you
ReplyDelete