Treasury auction demand has been stable since the last debt ceiling crisis in 2015. Coupled with gradually falling supply, that has kept Treasury yields locked in a tight range. Don’t be fooled by all the media talk about the rise in yields since last month. Yields are still range bound.
Burden of Proof Now Shifts to Bond Bulls
You need to login to view this content.
David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.