The Deeper Dive: Government Debt is Now Creating its Own Weather

And boy is it hot!

Having warned this spring that the US bond market would be deluged with treasury issuances that would spike interest rates and ultimately wreck havoc in US financial markets, let’s take a look at how that is going.

You may have seen the summary article I posted recently by John Rubino where he showed you the following two graphs of US interest payments o…