10Y at 5% is the biggest alarm signal.
https://blossom.primal.net/a839586ffe10d996ca10942ca133c36651830a8f1149f7d40859ac0d1fec01a2.png
$40 trillion debt, paying 5% avg would be $2 trillion in annual interest.
That's almost 1/3 of the US budget!
No surprise that Bessent sees a "Bretton Woods moment" within the next 5 years!
That's almost 1/3 of the US budget!
No surprise that Bessent sees a "Bretton Woods moment" within the next 5 years!