Is it a "bond spiral", or is it the same thing we've seen ever since that crazy "judgement day" thing where dementia don tariffed a bunch of penguins?
https://www.youtube.com/watch?v=8Q3CYkQPVGQ
The US treasury has to issue 6 month bonds (that still auction for a decent price because nobody has a better idea where to put the money) to replace long term bonds (which nobody wants to buy, and which thus pay an enormous effective interest rate because the price you could sell them for is so low).
