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Bonds Are Getting Crushed
If you hold long term bonds your are going to get send to the cleaners soon.Old Joe and The central bank is in quick sand as people realize the ponzi scheme is not working anymore. Only a war would reverse the trend.
serf
https://theirrelevantinvestor.com/2021/02/16/bonds-are-getting-crushed/
Interest rates have been rising for the better part of the last six months. The 10-year treasury rate went from 50 basis points in August to 1.3% today. The 30-year is up to 2.08% today, which doesn’t sound like very much until you consider that it was below 1.2% in the summer.
Comments
Doubling the cost of servicing the national debt is a huge problem.
We will soon see the federal budget deficit referenced in terms of operational deficit with the interest on the debt removed from the discussion.
Brad Steele
Biden and the DEMOCRATs will bring about the same economic malaise we experienced under the peanut farmers rule. Just watch.