Fiscal Armageddon—Another Bastard Progeny Of Keynesian Central Banking

The yield on the 10-year US Treasury (UST) fell to a low of 0.52% early Friday morning, prompting Deutsche Bank’s chief credit strategist to marvel out loud: ……the current nadir in the 10-year yield went back 234 years, based on data spliced together from the various times the U.S. government has borrowed money in the […]
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