Doomsday Prepper Thread
In this moment, a very short term Tbill issued by the US government yields more than the 10y treasury.
That is *not* a sign the market (ie the totality of people with money worldwide) think the US government is in trouble paying it's debt, or will be in the next years, or the value of the USD will crash in the next years.
They can be wrong in the aggregate, but that's what the currenty yield curve is telling you.
That is the current yield curve but it has been steepening since the rate cut. Not so long ago, the 2 year paid a higher yield than the 10 year.
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05 November 2024 at 07:37 PM
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