Ominous 20-Year Bond Chart
Posted on November 13th, 2008 by MoverMike
With the government debt officially over $10 Trillion, and everyday new bailout proposals emerge, somebody in some foreign country is likely to ask, “Why are we funding America’s bankrupt life style?” That’s the point that the US will find it more difficult to raise new money and rollover maturing debt at low interest rates. My reading of the 20-year bond chart indicates that day may not be far off.
The chart above is one of yields on the 20 year, and it looks like we’ve put in a large double bottom on yields.
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