Canada has issued a $1.5bn 50-year bond at a yield of 2.96%. Canada is the only industrialized country ranked AAA by all three agencies.
The yield is lower than the US 30-year. Canada is funding long. The US is doing the opposite: 26% of US government debt matures in less than 12 months, 88% in less than 5 years. Is the US profile too risky?
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