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Rates continue to rise despite a rate pause due to record levels of Treasury Bonds

Posted on 9/19/23 at 5:05 pm
Posted by stout
Porte du Lafitte
Member since Sep 2006
175775 posts
Posted on 9/19/23 at 5:05 pm
quote:

10-year note yield rises as high as 4.37%, the highest since 2007.

Rates continue to rise despite a Fed rate pause expected.

Why?

The US is issuing record levels of Treasury Bonds to fund deficit spending.

There is so much supply that it is driving bond prices lower and treasury yields higher.

Between this quarter and the next, $1.9 trillion in US Treasury bonds will be issued.

We are paying for deficit spending in many ways.

Higher interest rates is one of them.




LINK


Bidenomics is kicking arse!
Posted by NCIS_76
Member since Jan 2021
5246 posts
Posted on 9/19/23 at 5:22 pm to
Naw Jack. The economy is doing just fine - Joe Biden.

That 2019 low, though. Hmmmm....


Folks are dependent on credit cards just to get by. This debt will not get paid back because things will not change. It's a dam waiting to break.
This post was edited on 9/19/23 at 5:29 pm
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
87662 posts
Posted on 9/19/23 at 5:24 pm to
Energy crushed this last CPI report
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
10952 posts
Posted on 9/19/23 at 5:25 pm to
Interest on the debt will soon be the biggest spending item, ahead of defense and entitlements. This is a freaking house of cards.
Posted by Strannix
President Trump's America
Member since Dec 2012
51293 posts
Posted on 9/19/23 at 5:28 pm to
I wish they were 10%
Posted by NCIS_76
Member since Jan 2021
5246 posts
Posted on 9/19/23 at 5:34 pm to
quote:

Interest on the debt



If you could pay the interest and not raise the debt one cent with the numbers we have today it would take 50 years to pay off the current national debt we created. That is not spending one more dime to pay it off with interest. We all know this is not going to happen. I do not get why the other side voters cannot see this. They have to be very wealthy and don't give a shite because they have plenty of wealth, or they are too stupid to see what is coming.

Blue collar, middle class are the ones getting fricked.
This post was edited on 9/19/23 at 5:48 pm
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
55593 posts
Posted on 9/19/23 at 6:06 pm to
quote:

Between this quarter and the next, $1.9 trillion in US Treasury bonds will be issued.


quote:

$1.9 trillion

quote:

Between this quarter and the next


Not even a full year, just over the course of a couple of quarters.

GFC
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
59216 posts
Posted on 9/19/23 at 6:11 pm to
We’re in that intensifying negative spiral now. Only a matter of time, a few years tops, before it all crashes.

This is why we’ve had such a hard push for population surveillance over the last few years. People are about to be really unhappy with their government.
This post was edited on 9/19/23 at 6:12 pm
Posted by SWCBonfire
South Texas
Member since Aug 2011
1392 posts
Posted on 9/19/23 at 6:11 pm to
quote:

They have to be very wealthy and don't give a shite because they have plenty of wealth, or they are too stupid to see what is coming.


You have to play their long game... buy tangible assets with inflationary dollars today so you have something real to show for it tomorrow when the dollar is worthless.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
55593 posts
Posted on 9/19/23 at 6:12 pm to
quote:

I do not get why the other side voters cannot see this. They have to be very wealthy and don't give a shite because they have plenty of wealth, or they are too stupid to see what is coming.



It's the latter. They think what's coming could never happen here because... reasons; and/or that it will happen to others but not them.

quote:

Blue collar, middle class are the ones getting fricked.


It's going to hurt more than just the blue-collar families. The kind of calamity that looks to be coming from this could frick just about everyone.
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
59216 posts
Posted on 9/19/23 at 6:13 pm to
quote:

You have to play their long game... buy tangible assets with inflationary dollars today so you have something real to show for it tomorrow when the dollar is worthless.


And use surveillance and military might to hold on to those assets.

Because, if not, history shows the people will just take them back.
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
49769 posts
Posted on 9/19/23 at 6:18 pm to
A lot of people will tell you this doesn’t matter.
Posted by Nosevens
Member since Apr 2019
14626 posts
Posted on 9/19/23 at 6:22 pm to
Our arses that is
Posted by Bass Tiger
Member since Oct 2014
51444 posts
Posted on 9/19/23 at 6:29 pm to
There are some very learned people on this forum wth 6 years or more of university studies in banking and finance who have defended the Federal Reserve racket with every bit of the heart and soul, it's almost like they're totally invested in the scam.
Posted by Bass Tiger
Member since Oct 2014
51444 posts
Posted on 9/19/23 at 6:30 pm to
quote:

Interest on the debt will soon be the biggest spending item, ahead of defense and entitlements. This is a freaking house of cards.


Closing in on $1 trillion/annually to service the $33 trillion of US debt.
Posted by Tomatocantender
Boot
Member since Jun 2021
5310 posts
Posted on 9/19/23 at 6:37 pm to
If only history could have given us an indication of what's in store for us from an incompetent administration and runaway inflation. Oh that's right, the Carter years told us this would happen with rates, yields, mortgages etc. Wait till we get to Carter level stagflation, then the real clown party begins.
Posted by Ziippy
Member since Aug 2023
1237 posts
Posted on 9/19/23 at 6:37 pm to
10 year note is low by historical standards and extremely low compared with the short term rates.

Posted by theunknownknight
Baton Rouge
Member since Sep 2005
59216 posts
Posted on 9/19/23 at 6:48 pm to
quote:

A lot of people will tell you this doesn’t matter.


These same people have their head up their asses when trying to reconcile why grocery prices are tripling.
Posted by Taxing Authority
Houston
Member since Feb 2010
60762 posts
Posted on 9/19/23 at 7:52 pm to
It’s truly terrifying g what 10-15% treasuries look like for our federal spending. We’ll be spending more on debt service than medicare.!
This post was edited on 9/19/23 at 7:52 pm
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