>> I just try to watch the fundamentals.
Not meaning to belabor the point, but what happens with Treasuries IS one of the “fundamentals”, IMO.
Like you, I’m just trying to make sense of it all. Without much success, I’m sorry to report.
Well, any time they sell a Treasury, doesn’t that basically mean they spent more than they had and have to fund the shortfall?
That’s about as fundamental as I can see it, and it’s not good not matter what the rate is...
But maybe I’m wrong, wouldn’t be the first time!