The average maturity of U.S. public debt is about 63 months, or about 5.2 years.
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The average maturity of federal debt was more than seven years in the 1940s.
Thus, a Treasury fund with an average maturity of five years is slightly riskier than a five-year Treasury note.
According to Bloomberg, the weighted average maturity of all American public debt is now around five years.
More fundamentally, the average maturity of Britain's domestic-currency debt is already longer than that of any other government in the world.
When interest rates were plunging in 2000--03, these geniuses decided to shorten the average maturity instead of locking in long-term low yields.
Fuss told the Journal that he reduced the average maturity of corporate bonds, from 10.5 years out, to less than 9.5 years.
As described here, the new bonds have maturities ranging from 27 years to 40 years with a weighted-average maturity of 34.5.
Nearly one third of debt held by private investors matures within a year, and the weighted average maturity (WAM) is now about 4 years.
That's the average maturity of British government debt, the number of years that we as taxpayers have to pay off what we owe our creditors.
The average maturity of privately held Treasurys is only 49 months.
The bank says it aims to lengthen the average maturity of domestically traded debt from its current 11 months to as much as four years.
The auto portion of an ABS index compiled by Barclays has returned 2.34% this year on deals with an average maturity of just over two years.
Once operation twist ends in June, the benchmark treasury will naturally rise 0.4% per year because of the change in the average maturity date of the treasuries they hold.
On Thursday, the bank said it would increase its purchases of Japanese government bonds and extended the average maturity of the bonds it purchases from three years to seven years.
Second, CHK is extending the average maturity schedule of its debt by replacing senior notes due to mature over the next six years with convertible preferred shares that come with no maturity date.
More important is the fact that it only has to be repaid in three years, which takes the average maturity on ECB loans to about 21 months, up from a mere ten weeks before the auction.
But Bernanke fell short of announcing bold QE, rather, he chose to save his bullets and only extend Operation Twist, by which the Fed is attempting to lower longer-term interest rates by extending the average maturity of its Treasury portfolio.
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If the FED chooses to let the average maturity of the treasuries it holds shorten, their holdings with maturities between 1 to 5 years should increase a bit, and their holdings with maturities over 1o years should decrease a bit starting in June.
As I have pointed out here before, if the Debt Management Office hadn't done quite such a brilliant job in borrowing for long maturities - such that the average maturity of UK debt is just under 14 years - the UK might well be like Italy in finding it very hard to borrow at any price right now.
Under Dublin's and Lisbon's original bailout agreements, the average maximum maturity on their loans was 12.5 years.
And because our average debt maturity is now 65 months, new debt should continue to be refinanced at cheaper rates for some time.
It is worth noting that the average yield to maturity does not include fees and expenses.
It owns an assortment of Treasurys with an average time to maturity of 21 years.
The average yield to maturity from the HE00 index has compressed to 9.49%, from the wide of 11.97% at the end of November.
The lower average rating and longer maturity range of the Vanguard index give the fund a higher yield, risk and volatility.
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