Economic news

IMF sees no pressure on US debt now, but debt growth and short-term financing a concern

2024.07.16 10:27

WASHINGTON (Reuters) – The International Monetary Fund does not see any current market pressure U.S. Treasury debt but has longer-term concerns about the growth of U.S. debt and reliance on short-term financing, IMF Chief Economist Pierre-Olivier Gourinchas said on Tuesday.

© Reuters. FILE PHOTO: Pierre-Olivier Gourinchas, Director and Economic Counsellor, Research Department IMF, speaks during an interview with Reuters on the first day of the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 9, 2023. REUTERS/Susana Vera/File Photo

Gourinchas told a news conference on the IMF’s latest global growth forecasts that with growing debt and a reliance on shorter-term funding, there could be vulnerabilities introduced by having to refinance more often.

“The fact that the U.S. Treasury has moved towards more short term finance reflect the fact that it’s also trying to economize on the cost of funding,” Gourinchas said. “It’s usually a little bit cheaper on the short end of the curve, but it’s also a little bit riskier.”



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 76,227.42 1.18%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,946.75 8.66%
tether
Tether (USDT) $ 1.00 0.22%
solana
Solana (SOL) $ 198.57 6.37%
bnb
BNB (BNB) $ 604.27 1.71%
usd-coin
USDC (USDC) $ 1.00 0.28%
xrp
XRP (XRP) $ 0.559396 3.59%
dogecoin
Dogecoin (DOGE) $ 0.197267 0.93%
staked-ether
Lido Staked Ether (STETH) $ 2,950.78 8.74%
cardano
Cardano (ADA) $ 0.410639 12.69%
tron
TRON (TRX) $ 0.160753 0.87%
the-open-network
Toncoin (TON) $ 4.96 3.48%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,447.42 7.27%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 2.72%
avalanche-2
Avalanche (AVAX) $ 27.67 1.90%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 76,080.38 1.03%
weth
WETH (WETH) $ 2,942.26 8.45%
chainlink
Chainlink (LINK) $ 12.76 5.04%
bitcoin-cash
Bitcoin Cash (BCH) $ 381.15 0.78%
sui
Sui (SUI) $ 2.34 1.59%
polkadot
Polkadot (DOT) $ 4.20 2.08%
leo-token
LEO Token (LEO) $ 6.27 0.36%
usds
USDS (USDS) $ 1.00 0.72%
litecoin
Litecoin (LTC) $ 72.25 2.01%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,096.36 8.63%
uniswap
Uniswap (UNI) $ 9.00 3.54%
near
NEAR Protocol (NEAR) $ 4.30 2.25%
aptos
Aptos (APT) $ 9.85 3.18%
pepe
Pepe (PEPE) $ 0.000011 13.78%
bittensor
Bittensor (TAO) $ 513.58 2.96%
internet-computer
Internet Computer (ICP) $ 7.89 0.33%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.43 1.34%
dai
Dai (DAI) $ 1.00 0.30%
stellar
Stellar (XLM) $ 0.102919 6.28%
ethereum-classic
Ethereum Classic (ETC) $ 20.51 4.77%
monero
Monero (XMR) $ 163.49 1.38%
kaspa
Kaspa (KAS) $ 0.115959 3.10%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
whitebit
WhiteBIT Coin (WBT) $ 19.70 2.16%
aave
Aave (AAVE) $ 184.31 5.15%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.34945 5.05%
crypto-com-chain
Cronos (CRO) $ 0.093396 9.68%
blockstack
Stacks (STX) $ 1.69 1.35%
dogwifcoin
dogwifhat (WIF) $ 2.46 1.67%
okb
OKB (OKB) $ 40.51 3.17%
first-digital-usd
First Digital USD (FDUSD) $ 0.999268 0.19%
arbitrum
Arbitrum (ARB) $ 0.590624 7.52%
mantle
Mantle (MNT) $ 0.678147 13.37%
filecoin
Filecoin (FIL) $ 3.82 2.74%