nsequences of Inaction 419 Treasury Swap Spread’ Turned Negative For First Time in History? — Now Cheaper for Some Private Companies to Borrow than USA Government 10-Year Treasury Swap Spreads & Federal Budget Deficit / Surplus, 1988 — 2010 160 4% 3 30 2% x _~ 2) & 120 = 2 0% % 3 5 $ 100 a g 2% a ” > a 80 BS