BLOOMBERG Bloomberg Real Yield February 25, 2018
Government borrowing, Interest Rates, there is a zero correlation with it. But now i think rates are going up because of the fear that inflation will return and that the central bank will have to exit a lot faster than people think. It is a point to understand what is going on, it is not really the deficit, it is growth with inflation and reflation attached. We know the treasury had more to issue. Also to finance the unwind of the feds balance sheet. Some of this is International Investors stepping up from the markets and returning from where they came from. The yields overseas are starting to...