The point of Bessent's buy-back was to ease the upward pressure. Bond investors are demanding a better deal - higher interest yields - in order to buy our debt.
The higher the yield, the more our debt costs us. And at $40 trillion, our debt service is costing us over $3 billion a day - more than a trillion dollars every year - which eats into the economic growth we have to post just to stay even.
Bad shit comin', bubba.
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