From my monthly Bitcoin Capitalist Letter to subscribers, after a lengthy look at bond yields, and how they’ve been going the wrong direction ever since the Fed’s half-point cut last September, I remarked on the following:
“The US is flooding the bond market with so much supply to fund deficit spending, that bond prices are falling.” — KobeissiLetter
It’s also worth noting that the yields on the US 30-year are also running hot:
Looking like they could crack 5% at some point, and the Treasury’s most recent projections on the next couple quarters of debt issuance might help tip the scales:
We frequently talk about the global financial system…
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