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| The bond market is not the problem, the US debt market is.
Job ONE is getting our debt under control.
The Fed went down the road of expanding their balance sheet so politicians could play fast and loose, but Over the last 4 years they have more than shown they are done with that game. And the next buyer seems to not be available. ( For reference the Fed shrank their balance sheet by about 3 trillion USD last fourish years and seem to have NO desire to expand it back up again. | |
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A bond traders view on what happened April 9th
