TNX will tank again in summer

2021년 7월 24일

Given that debt ceiling is looming after 31st July, there will no-issuance of TNX as the US govt can't issue them anymore post the debt ceiling resolution. Fed is still going to buy the T bills/bonds per their $120 billion mandate. Even if we assume demands remains, supply is dwindling -> lead to bond price increasing -> yields tanks -> TNX tank