When the Treasury has the printing presses running at red line 24/7, you can be damn certain there will be some "crowding out" in the market. Yields will have to rise to absorb all these IOUs. Just sayin.
BTW I had a private discussion with the devil. He said "wear two condoms and a surgical mask and dive in. You'll be fine."
Treasurys Are Getting Crushed [View article]
BTW I had a private discussion with the devil. He said "wear two condoms and a surgical mask and dive in. You'll be fine."