The cost of US government bonds fell to a 16-year low
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Trying to reduce inflation and fuel prices, the US Federal Reserve raised rates to the highest levels since 2007, RIA Novosti reports and adds that “the US government bond market could not stand it and collapsed.”
It is also indicated that government debt has reached a new historical high.
Investors, the Russian agency continues, are talking about a dangerous situation, since the supply of securities already exceeds demand, and high rates and exorbitant debt could lead to a recession as early as the fourth quarter.
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