I'm not sure exactly what this means, but I know that "lowest" of "highest" in 700 years is not a good thing.
And I also know that this wouldn't be happening if Congress wasn't so corrupt.
Rising inflation, War in Ukraine, and central banks finally ready to raise interest rates, means that bonds are getting massacred.
Read this article by Robert Reich whose core argument here I agree with. https://www.theguardian.com/commentisfree/2022/feb/05/fed-raise-interest...
We're being deceived The powers that be are trying to use the capture of media and big lies to shaft our workers again.
Since the 2008 crash the economy has been propped up with artificially ultra-low interest rates.
“This just doesn’t look good. You set your target. You’re the all-powerful Fed. You’re supposed to control it and you can’t on Fed day. It looks bad.”
- Michael Schumacher, director rates at Wells Fargo.
A glut in the supply of treasury bonds has pushed interest rates up to a seven year high. This has caused the end of a 35 year long bond bull market.
