(WASHINGTON) #Coronavirus Business Report: 10yr-bond yield falls 0.7% after latest report of jobless claims that rose to three 3.167-million and the rise in record borrowing of $2.99-trillion this quarter and launch of a 20yr-bond #AceFinanceDesk report

#AceFinanceReport – May.08: The US 10-year Treasury bond yield fell 0.7 percent in response to the latest report of jobless claims: That comes a week after the Treasury said it would borrow a record $2.99 trillion this quarter, and launch a 20-year bond:

#Coronavirus Finance Report: America facing debt ‘conundrum’ – former Fed insider tells Boom Bust RT Business

8 May, 2020 10:08

America facing debt ‘conundrum’ – former Fed insider tells Boom Bust

https://acenewsroom.wordpress.com/2020/05/08/acefinancedesk-report-unemployment-insurance-weekly-claims-initial-claims-were-3169000-for-the-week-ending-5-2-677000-insured-unemployment-was-22647000-for-the-week-ending-4-25-46/ ……………………https://www.dol.gov/ui/data.pdf

RT’s Boom Bust talks to former Federal Reserve insider Danielle DiMartino Booth about what all that means for the future: “We’re starting to see the actual numbers come out: It’s no longer $25 trillion of debt in theory…” she said. “This is reality, folks. The Treasury will have to borrow a lot of money, and it’s a unique time when the stock market and the bond market are serving up such desperate views on the outlook for the US economy.”

According to Booth, if we’d known a few years ago that the Treasury was going to issue $3 trillion in debt, “interest rates on the 10-year benchmark would be through the roof.” And yet that’s not what we’re seeing, she said, adding, “The word that I would attach to this is ‘conundrum.’”

#AceFinanceDesk report …………Published: May.08: 2020:

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