The 30-year Treasury just finished a brutal descent and flipped. The down cycle is done. The trend now? Higher.
Think about it: would you really lock in U.S. government debt for three decades at 5%? In a world where inflation memory is fresh, deficits are structural, and political discipline is nonexistent?
Bonds back to 7.5% wouldn't shock me. History doesn't repeat, but it sure loves to rhyme.
Think about it: would you really lock in U.S. government debt for three decades at 5%? In a world where inflation memory is fresh, deficits are structural, and political discipline is nonexistent?
Bonds back to 7.5% wouldn't shock me. History doesn't repeat, but it sure loves to rhyme.