Conversable Economist

Is the Safety Margin of US Treasury Bonds Diminishing? - Conversable Economist

Traditionally, the US Treasury has been able to borrow with low interest rates, because US Treasury debt is viewed as ultra-safe and ultra-liquid. But the gap between the interest rate of US Treasury debt and corporate AAA-rated bonds has been diminishing. Indeed, Microsoft recently issued some long-term bonds that paid lower interest rates than Treasury