Debt Portfolio

References

http://finance.mapsofworld.com/portfolio/investment/debt.html
- QUOTE: A debt portfolio is primarily a list of the financial necessities of a certain company. The investments in these cases are normally meant for longer periods of time. A debt portfolio also takes into account the inconsistencies in working capitals. Proper management is an important part of the debt portfolios. In the present world there are many people who have been taking loans of several kinds for a variety of purposes.

Thomas Sargent. (1989). Inteview http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=3797
- QUOTE: … The essential job of the Fed from a macroeconomic point of view is to manage the government’s portfolio of debts. That’s all it does. It doesn’t have the power to tax. The Fed is like a portfolio manager who manages a portfolio made up wholly of debts — it determines how much of its portfolio is in the form of money, which doesn’t cost the government any interest, how much is in the form of T-bills and how much is in 30-year bonds. The Fed continually manages this portfolio. But it doesn’t determine the size.