US Debt on Pace to Grow $1 Trillion in One Month; China’s Treasury Holdings Fell Again.

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This is not sustainable.

Société Générale’s sharp-tongued strategist Albert Edwards warns of a 1987-style event for stock markets if the bond market does not cool off

Bond Selloff Jeopardizes Hopes for Soft Economic Landing

Growth prospects and concerns over mounting government debt are driving long-term interest rates to a 16-year high, threatening economic stability. The Federal Reserve’s attempts to address inflation with higher short-term rates have been overshadowed by this unexpected surge. The 10-year Treasury note yield has reached levels unseen since the 2007 crisis, causing significant stock market declines. If these elevated borrowing costs persist, they could hinder global and U.S. economic momentum, leaving experts puzzled over the precise causes of this rapid ascent.

 

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