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  • Hacker News
  • It's rising because the market expects interest rate hikes. Long-term bonds are basically a prediction market for future interest rates.
  • Financialized AI (debt: ~$2T), private equity (zombie debt: ~$4T), government spending ($7.2T, debt: $39.9T), and the very rich (and up) are the economy right now. Everyone else is/has pulled back and is hurting because of rising prices and job uncertainty.
  • "People are worried about America's solvency" - https://news.ycombinator.com/item?id=49329347

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