Loading ...You nailed it.
With the refunding the biggest concern going forward into next quarter, expect all the inflation numbers to soften as much as possible (whatever that means to price managing psychos).
This is why they have run the stock market up now, so they can let it fall into next quarter, creating another source of demand in the bond market.
It’s all about the bonds now with some $8 trillion in rollovers and current deficits needing funding.
So no wonder gold continues to have a strong bid.
Chuckle