Financial Times/Tommy Stubbington and Colby Smith
Repost from 7-20-2021
“US government debt has broken with tradition and pushed higher despite inflation surge.”
USAGOLD note: This article explores the reasons for that historical anomaly. On Monday, the yield on the 10-year Treasury dropped to 1.198. On July 1st, it was 1.52% – a dizzying descent. One cannot rule out the presence of the Fed as the bond buyer of last resort and, thereby, aggressively encouraging the trend.
10-Year Treasury Yield (30 days)
Chart courtesy of TradingEconomics.com • • • Click to enlarge
