Coming in today, the ten year was above 2.5, which is the current maximum Congress can afford. What happens? Rand Paul comes out threatening to shut government.
I love it, that is how interest rates get set. There is a reason the administration has to have cartel bankers, they have to personally control the flow of funds based on the current political strategies of 20 different small state Senators. So when ther Trump debt deluge looks to threaten a crash, the bankers in gov and the inside traders in the Senate set up the potential showdown. It has been many many moons since the Fed really has any say in the matter.
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