The U.S. Dollar and 10 Year Treasury: Why Economists Are Freaking the F*ck Out.

Unf*cking The Republic

UNFTR Media

Government, News, Politics

4.9 • 683 Ratings

🗓️ 17 April 2025

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are there hidden market patterns that signal massive economic change? A weak dollar and rising yield on the ten year treasuries sent Wall Street into panic mode over fears that Trump was torching the global economy with his tariff wars. Since 1945 the U.S. dollar has been the bedrock of the global economy. Trump’s reckless behavior has allies and enemies alike wondering if this is the end of U.S. hegemony in the world. Last week when the dollar and ten year treasury yield briefly split, the global bond market suddenly came into focus and was on everyone’s radar. This episode boils down the jargon to explain what’s going on and why everyone freaked out. Ultimately, while we may not tear down the global order, there’s no question that we won’t restore faith in the U.S. Dollar and economy until Trump is out of office.

Access the episode Show Notes.

Resources

Compound Real Estate Bonds: Bond Vigilantes: Definition, Role & Impact on Markets

EWA: The Relationship Between US Dollar Index and US 10 Year Treasury Bond

Investopedia: Bonds: Treasury Yields and Interest Rates

CNBC: Investors are growing concerned about a U.S. asset exodus as Treasurys and the dollar decline

Privalgo: The relationship between bond yields and currencies

ScienceDirect: International capital flows and U.S. interest rates

St. Louis Fed: Nominal Broad U.S. Dollar Index (DTWEXBGS)

St. Louis Fed: Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis (DGS10)

Darden Report Online: What the Sell-Off in Treasuries Means for Your Mortgage

The Washington Post: Fact Check: Has Trump declared bankruptcy four or six times?

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Transcript

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0:00.0	Topical cream
0:02.5	A pod listeners dream
0:06.1	Unfucking the news
0:08.7	And current events
0:11.4	Topical cream
0:13.4	Yeah you know what I mean
0:16.8	A quarter of an hour
0:19.6	It gets you out two cents topical cream.
0:28.6	You might have noticed that pretty much everyone everywhere is freaking out about everything related to the economy.
0:39.9	Recession fears, egg prices, tariffs are on, tariffs are off.
0:44.6	Another burgeoning housing market collapse.
0:47.9	Stock market volatility, interest rates, defaults, leverage, overnight settlement markets, liquidity, weak dollar, strong dollar, crude oil collapse, repo markets, stagflation, defeclation, defaults, leverage, overnight settlement markets, liquidity, weak dollar, strong dollar, crude oil
0:56.0	collapse, repo markets, stagflation, deflation, inflation, inflation, disinflation.
1:00.6	We've managed to confuse the global markets, crushed longstanding alliances, unwind trade deals
1:06.1	we wrote, and somehow even piss off Canada.
1:09.7	But there's one topic that surfaced over and over on the news
1:13.4	last week that trumped even Trump. The more telling signal of the coming financial calamity can be
1:19.8	found in the bond market. But you can see here that U.S. Treasury yields skyrocketed this week
1:26.1	as investors sold U.S. bonds.
1:29.0	The evidence would suggest that investors, global investors are beginning to question,
1:32.9	you know, how AAA is the United States?
1:35.6	Imagine a whitewater river of incoming cash coming into the United States,
	...

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