United States Treasury yields increased following the release of the Federal Reserve’s July meeting minutes on Wednesday, which revealed that officials might consider further tightening measures beyond the point which saw their key interest rate reach highest level since 2001. During the two-day meeting, the Federal Reserve officials unanimously voted in favor of putting the main interest rate in the range of 5.25% and 5.50%, citing the persistent elevation of the inflation rate and tight labor market in the United States. The yield on the two-year note rose 3.2 basis points to 4.9860% at 3:17 pm ET. The return on the 10-year Treasury note climbed 5.3 basis points to 4.2740%, and the yield on 30-year bond jumped by 5.3 basis points to 4.3720%. NN: The greatest debt orgy ever. IT twill Not result in inflation…. Just the opposite a massive deflation. Because treasury rates will do a moon shot. And then plunge. We well know this mechanism and we have been in and out of our beloved Zeroes over and over again. BlackMask Pod Cast:c
Zeroes are Heating Up Again