Friday, April 12, 2019

Ten year now at 2.57%

I find that a little high, but doable. 

The swing in three days was 10 basis points, a mere 20 billion in debt charges.  That 20 billion/yr is the minimum negotiable size for Kamala and her teacher bailout.  Scale here is important, senators see, today, their favorite government goodie being shifted about, somewhat, due to liquidity constraints. So they all know about background noise, interest charges, bouncing around with the same magnitude as their separate government goodies.  This is not good.

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