US Reports Biggest Ever Budget Deficit For November
And they dump a ton of debt onto the 30 year spot today. We have treasury trying to get too much debt spread ver the curve and Treasuries term structure is shifting right. Treasury now wants to take out a mortgage, are you hearing this millennials? When Treasury dumps debt on the long end then it is millennial debt for their entire career, and the interest costs on Treasury debt will eat their salary.
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