Might not be China selling off Treasuries, they say it would be like lobbing a hand grenade at somebody a few feet away - you'll blow yourself up too. But somebody is selling US Treasuries: the 10 year yield went from 4.01% to 4.58% in a short space, hedge funds started forced selling to meet margin calls and although it is speculated that it is China (which holds 30% of US off shore Treasuries lol) there is no evidence.
If Donald Trump had not walked back from his tariiffs the bond market sale would have continued and for each half per cent interest rate rise, the additional interest cost is $165 billion. This year the interest cost of the US government $36 trillion debt will be more than $950 billion and is expected to reach $1.8 trillion by 2035. The cost of interest on borrowings is 16% of the Federal Government budget and much greater than the US military budget or Medicaid
Don't let the US become a banana republic Donald Trump, careful as you go
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$1.50 Sentiment: Sell Disclosure: Not Held
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