Like I wrote last month, there's a struggle to keep 10-year treasury within a 4-5% range...
Stealth Bailout Begins as $10B Buyback Hides Collapsing Demand
100% government intervention in our monetary system…

Borrow Short, Lend Long
Most bankers know this concept but perhaps y’all State legislators not so much... Maturity Mismatch: “Banks and other financial institutions often borrow money which... involves short-term liabilities (like checking accounts or overnight loans). They then use these funds to make longer-term loans to individuals and businesses, such as mortgages, auto

An inflation premium isn't creeping in, it's a default premium. You can thank the Biden war on Russia for that, so wave yore little blue/yellow flag in celebration. Thanks, Biden, for ending our 105-year-old dollar hegemony!
Gold Premium
Gold price increase of 70% in two years interpreted as US 10-year Treasury risk.

I'm happy that I'm not the guy holding $2 trillion in State pension funds as paper money.
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