Bond Market Smells a Rat: On Eve of CPI Inflation Data, 10-Year Treasury Yield Jumps to 4.08%, +43 bps since Monster Rate Cut by Wolf Richter • Oct 9, 2024 • 135 Comments Fed is seen as deprioritizing inflation fight, while a tsunami of supply heads for markets.
Mortgage Rates Explode, 2-Year & 10-Year Treasury Yields Spike, Monster Rate-Cut Hopes Doused, Inflation Fears Resurface: Yield Curve Before & After the Rate Cut by Wolf Richter • Oct 5, 2024 • 138 Comments The yield curve moved further toward un-inversion, but not the way it was hoped.
Status of the US Dollar as Global Reserve Currency: Share Drops to Lowest since 1995. Central Banks Diversify to “Nontraditional” Currencies and Gold by Wolf Richter • Sep 28, 2024 • 146 Comments But China’s renminbi keeps losing ground.
Who Holds all these US Treasury Securities? Update on the Investors in the Ballooning US National Debt in Q2 by Wolf Richter • Sep 24, 2024 • 94 Comments As the Fed is unloading them, others are loading up.
Spiking Interest Payments on the Ballooning US Government Debt v. Tax Receipts, GDP, and Inflation: Q2 Update by Wolf Richter • Aug 29, 2024 • 91 Comments Burden of the national debt: The portion of tax receipts swallowed by interest payments.
Treasury Department Aggressively Pushes Down Long-Term Interest Rates via Shift to T-bill Issuance and Bond Buybacks by Wolf Richter • Aug 28, 2024 • 168 Comments But buybacks occur at huge losses for investors. Today it bought back a 1.25% 20-year bond for 66 cents on the dollar.
The Rate Cuts Powell Dangled in Front of Markets May Slam into Inflationary Fiscal & Economic Policies of Whoever Is in the White House Next Year by Wolf Richter • Aug 24, 2024 • 196 Comments For the Treasury market, Powell’s speech was a nothingburger. A Sep rate cut has been priced in since the Aug 2 jobs report.
US National Debt Hits $35 Trillion. Debt-to-GDP Ratio, at Scary Levels, Dips a Tad. And T-Bills’ Share of this Debt by Wolf Richter • Jul 27, 2024 • 171 Comments We don’t even want to know what debt-to-GDP looks like in the next recession when it’ll get hit by a double-whammy.
The Foreign Investors Who Bought the Recklessly Ballooning US Debt: July Update by Wolf Richter • Jul 18, 2024 • 86 Comments Who is still buying the US debt is an increasingly important question. Here are the foreign investors.
Status of US Dollar as Global Reserve Currency: Central Banks Diversify from USD-Assets to Other Currencies and to Gold by Wolf Richter • Jun 29, 2024 • 132 Comments Long, slow erosion of the US dollar’s dominance. China’s renminbi keeps losing ground, many other currencies gain, as does gold.
