Total US Debt just crossed $33 TRILLION
China and Japan are dumping US treasuries at a record pace
This won’t end well
A thread 🧵 pic.twitter.com/CpJWfb2574
— Game of Trades (@GameofTrades_) October 24, 2023
16/ Interestingly, this rise in insurance purchases coincides with an unprecedented selloff in US Treasury bonds
US Treasury yields have also broken out of their long-term downtrend, indicating a shift in the economy and the financial markets pic.twitter.com/JXfGAVB4La
— Game of Trades (@GameofTrades_) October 24, 2023
Here’s a record you don’t want to break!
U.S interest payments on debt just hit all-time high.
YTD (end of August):
– Interest on debt: $633B
– Spending on Defense: $659BNothing to see here. t.co/PcbgppybcO
— Genevieve Roch-Decter, CFA (@GRDecter) October 24, 2023