Government spending (globally) is causing inflation to stay around, and all interest rate increases does to that debt is make it grow faster. If raising interest rates doesn’t curb spending or debt accumulation like it’s intended, it’s pointless.
Treasury Dept. expected to issue $114B in bonds amid elevated yields
The U.S. Treasury Department is expected to issue $114 billion in bonds — at a time when Treasury yields are spiking and flirt with 5% rates — on Wednesday ahead of the Fed’s November interest rate decision. Yahoo Finance Senior Reporter Jared Blikre monitors how Wall Street is reacting to this rising bond supply and expectations on the Fed’s rate strategy.
h/t silverfutes
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