U.S. Could Face More Debt Refinancing Risk Than Eurozone: UBS

With debt equating to over 40% of U.S. GDP set to mature and need refinancing by the end of 2020, analysts at UBS reckon the U.S. Treasury could be paying as much as 2.00% interest on debt by 2020. John Wraith and Joakim Tiberg of UBS in their August 14, 2015 research note titled: “Who said Europe can’t withstand higher yields?” point out that U.S. could witness significant fiscal drag from rising yields. [dalio] A lot of US debt set to mature and need refinancing in next few years Wraith and Tiberg point out that among the advanced economies they…