A large spread between short-term and long-term interest rates tempts investors to borrow short and roll over the debt rather than locking in long-term funding, and this maturity mismatch is when people 'get caught out'—and the government is doing the same thing by borrowing short.
causalpending
Speaker
Larry WhiteEvidence Quote
“it's very tempting to borrow short because it's so much cheaper and then roll over the debt and that's when people get caught out”
Created: 6/17/2026, 10:31:20 AM
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