@georgegammon

I heard Gundlach say debt/deficits are leading to higher treasury yields As evidence to this he highlighted the steepening of the 10y vs 30y as the Fed is cutting rates (implying this is unprecedented) From Jan 2008 to June 2008 FFR dropped by 200bps and 10y/30y steepened This had nothing to do with debt/deficits it was, as you’d expect growth/inflation and is something we’ve seen often in these cycles If a nobody on YouTube who almost flunked out of high school (me) knows this the “bond king” should know this

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