U.S. 10-year yields rise to highest level since June

U.S. 10-year yields rise to highest level since June

www.marketwatch.com

Treasury prices fell on Wednesday, pushing yields on 10-year notes to the highest level since June, as investors signal worry that the U.S. is not dealing with its budget deficit.

Yields on 10-year notes have jumped as much as 40 basis points from Monday, the fastest 2-day rise since September 2008 -- just after Lehman Brothers filed for bankruptcy.

The yields touched 3.34%, the highest level in six months and up from 2.94% on Monday.

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Yields went up by 10% in the LAST TWO DAYS. If this continues, and it probably will, this will be it for the US... meaning EVERY DOLLAR the US government borrows just costs 10% more in interest now as it did monday.

And no bailout will save this one. No one can bail out the US.

This is like the Greece/Ireland problem.... but much bigger. Too big deficit + no real strategy + no apparent intention of ever paying the debt.

Meaning the US will have to pay more interest on the debt... All of this because of the big deficit Washington has done and Bernanke UTTER BS QE2.

If this continues, IT'S OVER FOR THE US.

Remember this :
Clearly, an extension of the tax cuts that had been implemented by the Bush administration in 2001 and 2003 “is not good” from a deficit/debt perspective, but such a measure, if temporary, would not immediately jeopardize the U.S. sovereign rating,” Moody’s lead analyst for the United States told Market News International Monday.
So basically, the Bush-Middle Class tax cuts must not be made permanent otherwise Moody would downgrade the US credit ratings... and that would be even worse.

But have no fear, Moody is ruled by elite puppets otherwise they would have downgraded the US and the major banks long ago. Not to mention it has come out that Moody was being paid by the banks to have high ratings.

www.marketwatch.com
(visit the link for the full news article)