The Incredibly Ballooning US Government Debt Spikes by $1 Trillion in 15 Weeks to $34 Trillion by Wolf Richter • Jan 2, 2024 • 178 Comments Interest payments threatening to eat up half the tax receipts may be the only disciplinary force left to deal with Congress.
Are Foreign Holders Finally Bailing Out of the Incredibly Ballooning US National Debt? by Wolf Richter • Dec 20, 2023 • 111 Comments China and Brazil shed large portions of their holdings, but the top financial centers loaded up.
Interest Payments on the Ballooning Federal Debt vs. Tax Receipts & GDP: Not as Bad as in 1982-1997, but Getting There by Wolf Richter • Nov 29, 2023 • 76 Comments Our drunken sailors in Congress better head to the detox.
Anything Unusual in the Drop of the 10-year Treasury Yield? Despite the Hype & Hoopla, it Hasn’t Done Anything Special by Wolf Richter • Nov 2, 2023 • 88 Comments Volatility. Powell mentioned it too. The 10-year yield is hugely volatile, and the drop over the past few days fits right in. Have a look.
Tsunami of Treasury Issuance Will Shift from Longer-Term Debt to Short-Term T-Bills & 2-Year Notes amid Intense Navel-Gazing about Spiking 10-Year Yield. by Wolf Richter • Nov 1, 2023 • 59 Comments The Spiking 10-Year Treasury Yields Apparently Rattled the Government’s Nerves.
Marketable US Treasury Debt to Explode by $2.85 Trillion in the 10 Months from End of Debt Ceiling to March 31, 2024 by Wolf Richter • Oct 30, 2023 • 159 Comments Including $1.56 trillion in Q4 2023 & Q1 2024. Government has gone nuts.
Spectacle Ensues after 10-Year Treasury Yield Pierces 5%: Huge Demand Piles in, Yield Plunges 19 Basis Points in Hours by Wolf Richter • Oct 23, 2023 • 119 Comments Yield fixes all demand problems. You just have to hit the right number, and the right number today was 5%.
Why Longer-Dated Treasury Yields Spiked. It’s Not Magic: Yield Solves All Demand Problems by Wolf Richter • Oct 20, 2023 • 254 Comments Tsunami of issuance meets Fed QT, Skittish Foreign Buyers, and US buyers demanding to be compensated for the risks of out-of-control deficits in an inflationary environment.
Congrats, America 🥂We Made it! Government Debt Spikes past $33 Trillion: +$1.6 Trillion since Debt Ceiling, +$2.2 Trillion from Year Ago by Wolf Richter • Sep 18, 2023 • 243 Comments Trillions whooshing by so fast they’re hard to see.
Curse of Easy Money: US Government Interest Payments v. Tax Receipts, Average Interest on Treasury Debt, & Debt to GDP by Wolf Richter • Aug 30, 2023 • 119 Comments Spiking Interest payments will hopefully, knock on wood, force the drunken sailors in Washington to go through detox.
