Crocodilian

Bond Expert: Monday Wrap

The 30 year at %3? Astonishing, given the massive issuance coming. From a taxpayer's point of view, let us hope that the Treasury sells as many of these as they possibly can-- to be able to borrow money in a currency that we can (and will) debase is a "gift of Mr Market" . . . a voluntary gift of purchasing power from bond buyers to the US Treasury