Since year-end 2019, the gross market value of our federal debt has increased 34% to more than $32 trillion. Over the same time frame, the yield on the 10-year Treasury bond has more than doubled, from under 2% to approximately 4.5%.
The U.S. now has considerably more debt that will have to be serviced and refinanced at considerably higher interest rates.
In this second part of a recent video discussion, Trish Regan and Rob Hordon, Co-Founders of 76research, examine the inflationary implications of America’s growing public debt problem.
Click HERE to watch the video.
