>>This govt spending will not stop. Interest rates will have to go up to attract buyers.
so far there are plenty of buyers. the last auction for 10 yrs went so well that i heard some talking head say they could have sold 5x as much as the same price!
what people who are short treasuries ought to start thinking about is what happens when the us govt stops selling so much debt and whether or not demand outstrips supply. now that would be interesting, wouldn't it?