Yes, this is pretty bad and unsustainable…
CBO:
Federal Debt Held by the Public
Percentage of GDP pic.twitter.com/2v1YjHLUKX— David Sommers (@dgsommersmkts) October 19, 2023
“Central bankers don’t like to predict storms because everyone knows that if they say a storm is coming, then it’s probably going to be a hurricane…”
Inside Job
— Nikolay Kolarov, CFA (@libertniko) October 19, 2023
10-Year Treasury Yield about to have its highest close in more than 16 years!! 👀 pic.twitter.com/Opkg4trJAP
— Barchart (@Barchart) October 19, 2023
🇺🇸 Bonds only hedge stocks when inflation is at record lows.
Positive rolling 24-month correlation between the S&P 500 and the 30-year US Treasury bond.
H/t: BofA pic.twitter.com/QQweS7s2kj
— Alex Joosten (@joosteninvestor) October 19, 2023