More Yellen: There is an advantage to funding debt with long-term debt issuance

Yellen on debt financing
More from Treasury Secretary nominee Yellen:
With interest rates so low, the risks for the surge in US debt is a precipitous rise in interest rates. Borrowing longer-term and matching against longer-term infrastructure investment programs makes sense. However, it is a small piece of the overall debt that the US will need to fund. The yield