Breitbart's Semi-Silly Bond Theory

If you read Breitbart enough, you'll notice a FanGirl love for Trump and all Trump's works, and all Trump's promises.........

So when they affirm the WSJ's essay which proposes that "The Boomers" are collapsing the US Bond market--rather than Trump's insane spending during the pandemic (and coming soon with the Big Beauty), you have to laugh.

 At 4.44 percent, the 10-year Treasury yield isn’t exactly flashing red. It’s back where it started the year—below the peak reached in the fall of 2023. But something has clearly shifted. The long end of the bond market is rising even as inflation cools and the Fed stands pat.

Greg Ip, the Wall Street Journal columnist, sees the change as structural. The “global savings glut,” he writes, is over. Governments will now have to pay up to borrow because there’s less capital chasing bonds. That’s true as far as it goes.

But the real question is: whose savings were glutted in the first place?

The answer: the Baby Boomers. Their exit—not the Fed, not the deficit, not even tariffs—is the key to understanding the breakdown in the bond market....

See, the Boomers piled money into "safe" investments (US bonds) and as they retire, they are closing out those positions.  The WSJ doesn't mention where that money is going, just that The Boomers are ruining the party now.  Oh, and by the way, The Boomers also ruined the party yesterday by having less than 2.3 kids, so there are no new bond-buying savers.

Not Red China's sale of US bonds.  Not Japan's sale of US bonds.  Not the BRICS' alternative-currency scheme to replace the US dollar's current hegemony.  And it cannot be Trump and the single-digit-IQ  Congress's spending.

Nope.

It's the Boomers.