Bond Vigilantes insanity.
The yield on the UST 10 year is higher than Germany, France and Greece.
Almost 200bps difference between German and US yields.
Think about that for one minute.
I find it hard to believe that America’s debt is “riskier” than Germany, France or Greece’s. The dollar is still the world reserve currency and I don’t think that’s going to change overnight.
Even the Bank of Japan decided to dump all their French treasuries a few days ago and swap to Germany and short dated Japanese treasuries…they didn’t sell their US treasuries.
As for Germany, they legit nuked their production in the name of “green energy” over the last half decade, just to end up burning more coal than they were prior lol.
