this should really rocket gold., page-17

Ophir

"The us 30yr tbond yield has soared from abt 1.70 to 2.50, a rise of 50%. That means the interst bill on us debt has gone up 50%."

The interest paid by the US Treasury on its debt is fixed at a rate specific to each issue until the maturity of the bonds. When the traded rate goes up and down, it changes the yield to maturity for the new investor when the bond changes hands, not the interest amount paid by the borrower.

The rates paid by the US Treasury can only increase when they roll a specific bond issue.

Stick to commenting on gold...