Long Bond Death Cross


For you bond bulls the preceding chart is a warning. 
Not all is well in the world of sovereign finance.
While I do not expect any immediate problems for the US, Europe is a different matter. 
Their rapid yield increases may surprise us.

Comments

  1. Anyone care to guess the total amount of debt the Treasury Department issued and rolled (and rolled) in FY2010?

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    $129 TRILLION

    http://www.treasurydirect.gov/govt/reports/pd/pd_debtposactrpt_1011.pdf

    ReplyDelete
  2. Bill, I have studied the document you provided carefully as I found the number unbelievable.
    Unfortunately you are totally correct, and the amount of debt rolling over is just frightening.

    ReplyDelete

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