IPFS News Link • Economy - Economics USA
The Gathering Storm In The Treasury Market
• https://www.zerohedge.com, by Tyler DurdenSummary
Our analysis provides kind of a Grand Unified Theory (GUT) of what is currently taking place in global financial markets
The massive borrowing by the U.S. Treasury is crowding out emerging markets capital flows
The structural factors that have kept long-term interest rates low and term premia repressed are fading
We expect a measured move in the 10-year Treasury yield to 4.25 to 4.40 percent, much sooner than the market anticipates
"Reagan proved deficits don't matter." – Dick Cheney