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Annuity Issuers Slowly Enter The Digital Age
Annuity issuers are making a concerted effort to implement and promote paperless document delivery services.
401(k)s: They’re Not (Necessarily) Just for Employees Any More
A growing number of 401(k) plan sponsors, retirees, record keepers and regulators want retirees to stay in their plans well into, or even straight through, retirement, PIMCO has found.
Industry Views are special reports that are sponsored and independent from RIJ's editorial content.
May 19, 2010, Featured Articles, Guest Column
Low Rates Keep U.S. Solvent. But for How Long?
Even Alan Greenspan is said to fret about the potential for a collapse in Treasury prices, reports this week's guest writer.
According to the Department of Treasury's auction staff, the U.S. auctioned $8.8 trillion in bills, notes and bonds in fiscal year 2009. That number is greater than the entire publicly traded debt, which is currently $8.4 trillion.
The reason for the enormous amount of debt issuance is due to our surging annual deficits and rollovers that must occur more frequently because of the government's decision to issue debt on the short end of the yield curve.
The astronomical size of debt the Treasury must auction each year raises a question; who will buy it? The U.S. saved $464.9 billion last year and is currently saving at a $304 billion annual rate in March. China liquidated $34 billion in Treasuries in December of 2009, while Japan and Europe are struggling to meet their own government obligations.
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