Biden's 'once in a generation’ short term plan has a long term cost - Could this alone end the bond bull market?
US Public debt at the end of February 2021 was close to $28tn; Biden will push it over $30tn, with 10 year yields likely to be closer to 3% than 1.5% next year. In August we foreacst higher US yeilds from 0.68% targeting 1.55% and higher....
Consumers will also face higher inflation, interest rates and debt levels.
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