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.
Who Holds the Recklessly Ballooning US National Debt of $34.7 Trillion? by Wolf Richter • Jun 23, 2024 • 169 Comments All of these Treasury securities have been sold. So here are the holders.
