Posted on 10/30/2023 9:27:55 AM PDT by RomanSoldier19
The Treasury-bond rout that's rattled US markets this month is forcing investors to zero in on the government's spiraling debt.
The accelerated increase in America's indebtedness has already sparked concern for investors in 2023, with lawmakers only narrowly avoiding a catastrophic default in June thanks to President Joe Biden and then-House Speaker Kevin McCarthy brokering an 11th-hour deal to raise the federal borrowing limit.
Now, some of Wall Street's best-known names are raising the possibility that so-called "bond vigilantes" – who dump fixed-income assets in a bid to stymie what they see as imprudent policymaking – have helped fuel the meltdown in Treasurys that's driven benchmark yields to 16-year highs.
(Excerpt) Read more at finance.yahoo.com ...
“Bond market crash” = It was foolish to buy 2% 30 year bonds.
I got one year T-notes at 5%. Thinking of re-upping for another six months unless someone can tell me a better place to put some cash and keep it relatively liquid.
Silver Lining - I’m getting almost 5% in Money Market - and mandatory withdrawal is 4%, so I still have more money in savings after mandatory withdrawals
Why?
Going Direct Reset https://www.youtube.com/channel/UCLvRDyn_rVvZ7RRwdcEiJGw.
How BlackRock Conquered the World https://www.corbettreport.com/blackrock/
“with lawmakers only narrowly avoiding a catastrophic default in June”
How many times can they repeat that massive lie. The interest on the debt gets paid no matter what. Except if the US goes belly up. Which is looking likely soon.
says Business Insider's George Glover.
There are never, ever any hard-left Democrats.
1 or 3 month t-bills will give you a better rate at 5.30% each more maintenance, but better liquidity.
Jellen says “wait, whut?”
What planet does a person live on to come up with something called a bond vigilante? People buy and sell for financial reasons.
my mistake the 3 month is at 5.47. the 1 month is at 5.3.
The article has no charts.
DOW is UP over 500 pts today.
The markets know the truth: The government CANNOT afford for rates to go up. The ONLY path forward for them is, QE. Ie: more money printing.
The stock market is nothing more than a casino now. The players are simply trying to make money off from one another. The real value of things plays no part in it.
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