If the 10Y treasury ever goes above 5%, it's game over
Now you know why the Fed say it won’t raise interest rates for at least 2 years. That is a joke. They will NEVER raise interest rates because they have a loaded gun pointed at the head called the US Government deficit. If interest rates go up, the house of cards collapses.
And how will they keep rates near zero? Easy—they’ll keep on buying Government bonds with non existent $$. The rest of the world will along quietly ‘cause they’re wetting their pants too. Maybe more so.
Let's do it correctly:
WHEN the 10Y treasury goes above 5%, it's game over!!"