Tbac-o Road: 10-Y Treasury Yield Tops 3%…

By Anthony B. Sanders

…As Treasury Announces MORE Auctions AND A 2-Month T-Bill (Dollar Continues To Decline In Purchasing Power)

Tbac-o road.

According to the Treasury Advisory Committee (TBAC),

  • Over the next three months, Treasury anticipates increasing the sizes of the 2-, 3-, and 5-year note auctions by $1 billion per month.  As a result, the size of 2-, 3-, and 5-year note auctions will increase by $3 billion, respectively, by the end of October.
  • In addition, Treasury will increase the auction size of the next 2-year FRN auction by $1 billion in August.
  • Finally, Treasury will increase auction sizes by $1 billion to each of the next 7- and 10-year notes and the 30-year bond auctions in August, and hold the auction sizes steady at that level through October.

Not surprising given Washington DC endless appetite for spending.

The 10-year Treasury Note yield just broke through 3% … again.

t3finally.png

Global 10-year yields are up across the board (except for Greece).

global10

And the US CPI Urban Consumers Purchasing Power of Consumer Dollar NSA 1967=100 keeps falling since the creation of The Federal Reserve in 1913.d

purchasingpowerdoolar

Here is a closer look at the last 5 years of consumer purchasing power.

ppdollar.png

For an interesting take on The Fed, see Jesse’s Cafe Americain.

1-oz-credit-suisse-gold-bar-front

Support 100% ad-free Biiwii.com by making a donation of your choice!

Or better yet, subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas to get even more bang for your buck. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.

Published by

Gary

NFTRH.com & Biiwii.com