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We are officially entering the cool zone now. The US Treasuries are (were) the gold standard safe investment. It allowed the US to weather financial crashes in the past because the flight to safety lowered borrowing costs giving the government a lot of room for stimulus. The US may not be able to finance its way out of this crash of its own making. It might not be able to finance entitlements and military spending.
Retirees should have mostly moved into bonds from stocks to finance their retirement. Meemaw’s retirement account is getting eviscerated at the exact moment DOGE is fucking with SS. Get ready for Great Depression 2.0 with previously financially set old people in the streets.
The funny thing is that boomers and Trumpers love this. They’re so totally convinced that the country carrying debt is somehow a bad thing that they’re celebrating this. In their mind the US is somehow more powerful when the entire rest of the world doesn’t want dollars. It’s completely nonsense and they’re gonna learn the hard way when their entire retirements are wiped out and social security and Medicare no longer exists but this is exactly what they want
Economist Peter Schiff: “The crash that’s now happening in the bond market has more dire implications than the stock market. If these tariffs remain in place, the US could have a full-blown financial crisis by the fall that makes the 2008 Financial Crisis look like a Sunday school picnic.”
https://subium.com/profile/chadbourn.bsky.social/post/3lmexopx7lk2a
don’t worry, we’ll still find a way to downplay whatever happens as not as bad as 2008 anyway
Bonds becoming unstable is completely unheard of. If true, we are truly entering The Danger Zone.
Apparently the treasuries auction went great so all glory to the nothing ever happens gang.
I wouldn’t say great. The 10 year is still 15 bps higher than it was at open yesterday and 50 bps higher than a month ago. It certainly responded positively to the 90 day tariff pause.
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Replace “nothing ever happens” with “status quo nightmare continues”
I think it’s meant to be more in the macro sense. Never any consequences to powerful people doing stupid shit.
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Wednesday’s $39 billion sale of 10-year U.S. Treasuries will now be watched intently as an indicator of market sentiment. A 30-year sale follows on Thursday.
