{"id":188124,"date":"2010-12-07T21:06:00","date_gmt":"2010-12-08T02:06:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/12\/07\/the-invisible-bond-vigilantes-have-appeared\/"},"modified":"2010-12-07T21:06:00","modified_gmt":"2010-12-08T02:06:00","slug":"the-invisible-bond-vigilantes-have-appeared","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/12\/07\/the-invisible-bond-vigilantes-have-appeared\/","title":{"rendered":"The Invisible Bond Vigilantes Have Appeared"},"content":{"rendered":"<p>Interest rates on Treasuries have <a href=\"http:\/\/www.nasdaq.com\/aspx\/stock-market-news-story.aspx?storyid=201012071543dowjonesdjonline000401&amp;title=bond-reporttreasury-yields-surge-after-debt-auction\">surged in the wake of the tax cut capitulation<\/a>:<\/p>\n<blockquote style=\"color: blue;\"><p>Treasury prices dropped Tuesday, pushing 10-year yields up by the most since June 2009, after Congress and the White House compromised on a tax package that is expected to raise the deficit and increase the government&#8217;s borrowing needs.<\/p>\n<p>The drop in prices, which move inversely to yields, extended further after the government&#8217;s first of three auctions this week drew tepid demand from investors.<\/p><\/blockquote>\n<p>Go figure.  Barack Obama has managed to capitulated his way into pushing interest rates up.<\/p>\n<p><b>That<\/b> will help the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interest rates on Treasuries have surged in the wake of the tax cut capitulation: Treasury prices dropped Tuesday, pushing 10-year yields up by the most since June 2009, after Congress and the White House compromised on a tax package that is expected to raise the deficit and increase the government&#8217;s borrowing needs. The drop in &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1038,998,1020,978,983],"tags":[],"class_list":["post-188124","post","type-post","status-publish","format-standard","hentry","category-budget","category-congress","category-legislation","category-politics","category-taxes"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188124"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=188124"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188124\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}