Treasury Bond Manipulation Is Failing Already. What’s Next?
Also, we have a severe clash between fed policy and Treasury bond manipulations.
Source: Mish Talk
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DW NOTE
The Treasury can't suppress yields when the Fed refuses to help and foreign buyers refuse to return. Japan and China have been net sellers for years, while the U.S. is running a $2 trillion deficit with the 10-year at 4.71% — up 2.39% in a month — and inflation nowhere near 2%. This isn't a policy clash, it's arithmetic: you cannot borrow $2 trillion annually at suppressed rates when your largest creditors have left the building.