Campbell Harvey, described by Bloomberg as the "father of Treasury floaters," warns the Treasury...

|By:, SA News Editor

Campbell Harvey, described by Bloomberg as the "father of Treasury floaters," warns the Treasury against issuing floating-rate debt right now, due to rates being at historic lows. "If interest rates go up, it puts the government at risk because they will need to come up with a lot of extra revenue to pay the interest bill," Harvey says.