Dems cheated for it. We get to pay for it. The collapse in Treasury bonds now ranks among the worst market crashes in history Since March 2020, Treasury bonds with maturities of 10 years or more have plummeted 46%, Bloomberg says. That's just under losses seen in the stock market when the dot-com bubble burst. The bond rout is worse than the one seen in 1981 when the 10-year yield neared 16%.
Trump's pandemic brought rising interest rates, high inflation and concerns about a potential recession. As interest rates rise then the price of existing bonds falls, because new bonds are issued with higher yields. High inflation also erodes the value of bond payments as they are fixed in nominal terms. Also concerns about a recession can lead investors to sell bonds in favor of safer assets, such as cash. YAWN.
Why'd you remove credibly accused pedoGaetz from your Avatar OP? You're that soft that the heat get to you?
At least you have come around to understand Matt Gaetz is a pedo. Now you have a teenage boy as your profile pic.. Going in the wrong direction there fella. .
It’s not exactly clear what is going on with Chinese held treasuries but their holdings have dropped considerably too, and very recently. Are they liquidating to Mack up for declining exports or to sure up internal debt? Or are they making some kind of strategic play at US treasuries, or something else?
I'd say a combination of the three but in what ratios unsure, unless they keep selling it's hard to see if there is something afoot. I don't know the exact numbers but I think they have dropped to around 2009/10 levels but it's still not a huge percentage drop of the over 850 billion they hold with Japan just over a trillion? China always has to balance poking the US back with damaging the global economy and self-inflicted pain. If China sells too many US Treasuries it could drive up interest rates in the US which could knock on to global economy. If China sells US treasuries at a time when there is a lot of uncertainty in the financial markets causing a sell-off that could also damage the global economy again and shoots their foot. But it's clear that China has serous problems in the next decade and it's interesting times ahead.
Just imagine these nagers working on your todger and find another profile avatar.. Cure you of your pedo liking ways quick.