- The U.S. is paying its highest 30-year borrowing rate in about two decades because its biggest lenders, the Fed, foreign governments, and banks, are all pulling back from Treasuries.
- Every mortgage, car loan, credit card, and business loan is priced off the 10-year Treasury yield, so when Washington pays more to borrow, so do you.
- With about $40 trillion of debt against a $32 trillion economy, the country either outgrows its debt or slides into a doom loop, and investors need a plan for both.
