US sells 30-year bonds at highest borrowing costs since 2001

Treasuries are priced alongside term SOFR at one year [1][2]. The cost to insure U.S. debt is in line with where it's been for the last five years [3]. (And around where they were ten years ago.) This has nothing to do with investors' perceptions of U.S. credit and everything to do with the financial rates environment. [1] https://home.treasury.gov/resource-center/data-chart-center/... [2] https://www.global-rates.com/en/interest-rates/cme-term-sofr... [3] https://en.macromicro.me/charts/68239/us-5year-cds

It feels weird to focus on US debt here when the entire west is facing similar challenges (except Switzerland…) The UK bonds are the highest since the 90s and Japanese debt has never been higher. There is a fiscal problem but it’s not an _American_ one unless you just assume all international finance is a US issue.

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I dunno, guys, maybe hiring a guy who bankrupted 4 casinos wasn't the right way to go after all

Hear that? It’s the sound of an empire collapsing.