Phil Mattingly
Region: US
Thursday 20 August 2026 19:22:39 GMT
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scottydogmamma :
This administration is bankrupting us
2026-08-20 23:48:19
193
Trishy 🇮🇹 🍉 :
We’re cooked fam.
2026-08-24 15:23:27
0
user9059008421110 :
I see people freaking out but I don’t see anyone telling us what we can do to prepare or how best to ride the storm.
2026-08-21 00:23:14
55
beatlemccartney :
does it effect the working poor like me
2026-08-24 23:32:50
0
Still the moment :
And this is how you bankrupt a Casino.
2026-08-21 10:28:52
78
ericb786 :
Here's the part everyone misses. Treasury issues $1,000 of new short term paper, then uses that cash to buy back old 10 and 30 year bonds that were issued when yields were around 1.25%. Because rates rose, those old bonds now trade at 65 to 70 cents on the dollar. So Treasury spends about $650 to $700 and wipes out a full $1,000 of face value debt. Retire a dollar of debt for 65 cents, over and over, and the headline national debt actually shrinks. It's not magic, it's just buying back your own low coupon debt at a discount. Of course, this is not without risk. The trade lowers the face amount of debt, but it swaps a 1.25% coupon for today's short term rates around 4% or more. In this example, interest cost goes from roughly $12.50 a year on the old bond to about $26 a year on the new $650 of paper. So it shrinks the debt number while modestly raising annual interest expense, and it adds rollover risk if short rates stay elevated. That's the tradeoff Treasury is accepting to de-lever the balance sheet on paper.
2026-08-21 03:34:12
10
mrobert42 :
Scott Bessant is trying to manipulate the interest rates to satisfy Trumps demand for lower rates . Initially it worked but the following day the bond vigilantes said YOU CANT DO THAT
2026-08-21 05:11:32
24
Squidance45 :
I’ve been watching this closely for the last couple of weeks and I’m finally at a point where I’m making moves
2026-08-20 20:54:29
9
Why me? :
I still don’t get how it will affect me
2026-08-21 03:49:04
0
Tanya1510 :
If trump holds the senate and or house we are screwed . People need to think about if they want culture wars or a check on his lunacy and grifting
2026-08-22 20:54:39
4
unmutealabama :
Why wouldn’t this ultimately result in higher savings interest rates? Or am I talking apples and oranges, even tho they are both in the fruit salad?
2026-08-21 16:35:47
0
BBuddyGMan :
Maybe tax billionaires more? We can fix this is a real hurry.
2026-08-21 01:11:26
16
mom24tx :
What I’d like to know is, are my tbill and Ibonds safe or should I not reinvest in these types of products.
2026-08-22 22:25:37
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ogMaineGirl🪷 :
TV??? No. Turned it off in 2020.
2026-08-21 00:07:41
11
ddd :
Thanks for the clear explanation
2026-08-21 11:04:53
5
Marco :
Thank you for the bond tutorial Phil. It brought back memories from my MBA program. 👍
2026-08-22 21:23:54
0
SMU778 :
Such a better explanation than everyone else. Thanks!
2026-08-20 23:06:56
6
Olive :
Didn’t China 🇨🇳 just sell off 40 billion in U.S. bonds this past week? 👀
2026-08-20 23:26:13
5
maarx77 :
Tax corporations and the billionaires!
2026-08-21 02:40:55
9
Daniel :
Rates used to be that high. It’s only the last 20 years they were very low. Rates are going back to normal.
2026-08-22 19:44:39
0
DB’s site :
Very good, straight forward explanation. We are going to have to reverse the unsustainable tax cuts to the wealthy in the Big Beautiful Bill.
2026-08-21 15:25:08
3
DRII :
Republicans always mess up!
2026-08-22 00:49:21
2
JetSetWay :
Does this mean we have an inverted yield curve?
2026-08-21 05:03:50
1
bbsam0923 :
They’re saying that the Trump administration can’t be trusted. Because it can’t.
2026-08-22 21:28:23
2
Fredric :
Excellent explanation.
2026-08-23 03:45:29
1
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