The day before the latest US Treasury Auction results were released Trump concludes that “foreign nations are paying hundreds of billions of dollars straight into our treasury.”
That could not be further from the truth. US Treasuries have crossed an important rubicon.
It is now costing the US more to issue debt than it has in the past 45 years.
This chart from Graham Summers shows the 30-year US Treasuries turning point.
He writes:
“As you can see, the bull market in bonds is OVER. When inflation arrived in the financial system in 2022, it triggered a tectonic change.”
The 30-year U.S. Treasury bond hasn’t bounced back yet. Instead, it’s kind of…
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