Why Interest Rates Rose After the Treasury Stepped In

In this appearance on the Alex Jones Show, Dr. Kirk Elliott explains why the Treasury has stepped in to support the US bond market, doubling the size of its daily operations to lift bond prices and ease interest rates at a time when fewer buyers are stepping forward and de-dollarization continues. He notes the relief lasted less than a day before yields moved higher, and argues that institutions are focused less on the level of rates than on the reasons behind them, from geopolitical conflict to inflationary pressures. He then walks through the Federal Reserve's dual mandate, noting that with unemployment near what officials consider full employment, Federal Reserve Chairman Kevin Warsh's remaining lever is inflation control, which points toward higher rates even as Treasury stimulus adds to inflation, a tension made harder by the cost of servicing federal debt. He also observes that gold and silver have risen despite that backdrop, pointing to central-bank buying, growing retail participation, and silver's industrial demand, and frames metals as assets investors may want to consider.