Treasury yields surge as global buyers retreat from U.S. debt
U.S. Treasury yields are climbing sharply as geopolitical tensions, a $1.9 trillion deficit, and waning foreign demand undermine their safe-haven status.
File this under "you heard it here first".
I mentioned a week or so ago that the Chinese were likely to exercise the "nuclear option" and start dumping USTs, and lo & behold, that's exactly what's happening. This could rapidly become a serious problem if da fed has to monetize the debt, which seems pretty unavoidable. Hyperinflation in that scenario.
Another RE prediction comes to pass. 😀
RE