Terming out debt (extending the maturity from short-term bills to long-term bonds like century bonds) removes refinancing risk and reduces the interest burden of servicing debt over time because a fixed payment schedule is locked in.

factualpending

Speaker

Jim Milstein

Evidence Quote

which takes the refinancing risk uh of uh indebted country away from it because we don't have to touch that debt for 100 years

Source

Jim Millstein on the Massive Risks of Any 'Mar-a-Lago Accord' | Odd LotsBloomberg Podcasts
Created: 8/11/2026, 7:46:27 AM

My Notes

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