RE: LeoThread 2023-10-23 02:57 by drax.leo

View this thread on: hive.blog | peakd.com | ecency.com

Viewing a response to: @leothreads/leothread-2023-10-23-02-57

hive-167922 · @drax.leo · Oct 23 '23

$0.03

#news Rate of 10-yr US Treasury bonds rises over 5 pct for the first time since 2007.

👍 onealfa, optout, onealfa.leo, brennanhm, aljif7, paradoxtma, nonsowrites, nikoleondas, anderssinho, onealfa.vyb, onealfa.pob

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@anderssinho · Oct 23 '23

For someone who doesn't understand economics that well. How will this affect the market and can it affect crypto?

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@drax.leo · Oct 23 '23

In short: US government is likely to need more money to pay for its obligations, which means more printing, higher inflation and higher interest rates.

👍 onealfa, onealfa.leo, nikoleondas, anderssinho, onealfa.vyb, onealfa.pob

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@anderssinho · Oct 23 '23

Thx, easy to.un

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@brennanhm · Oct 23 '23

5% on 33.5 trillion of debt doesn't seem sustainable to me...

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@melbourneswest · Oct 24 '23

I wonder if that is a good sign of economic recovery or of more pain to come

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