Understand​ing Bonds.............................from Rico

Bond yields are doing something they have not done in 50 years...they are shooting up.

So what? In just a minute...

- After a week where yield jumped 37%, the 5-yr Treasury auction just had its weakest demand since 2009.

- Yields on 10-yr Treasurys closed today at 2.59%.

Here is the 'so what' ...

bond yields UP=bond prices DOWN and interest rates UP

Or simply put, this is very bad news for ALL.

Not so simply put, it costs government MORE to borrow money to spend that they do not have=higher taxes, less services, fewer jobs, fewer raises, bigger debt-repayment costs, etc-etc