Inside the US debt bubble – Nick Gogerty – … The US debt outstanding is just under $12 Trillion dollars.  Roughly 43% of that debt has a maturity of less than one year according to The Economist. – Designing Better Futures

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great UST coupon maturity chart – Major League Reckoning – By Dan Denning – The Daily Reckoning
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Steepening curve – the only logical outcome – Gradually but surely, the US treasury curve continues to steepen. In this environment it’s simply inevitable. With the unemployment rate approaching a post Great Depression record, political pressure to keep pumping stimulus will be enormous. – Sober Look Blog

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Banks Choosing Treasury Bonds Over Loans – By Jon Hilsenrath – You know an economy isn’t healthy when banks are using as much of their money to buy government debt as they are to make loans to businesses. That’s just what’s happening right now. According to the Federal Reserve’s latest weekly measure of bank assets and liabilities, released every Friday, banks held 1.37 trillion of Treasury and Fannie Mae or Freddie Mac debt securities at the end of October and $1.37 trillion of commercial and industrial loans. - WSJ Blogs

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good TIPS article – TIPS and inflation expectations – Paul Krugman – Treasury inflation-protected securities — bonds whose payouts are indexed to consumer prices — are really useful for economic analysis: they give an objective, market-based measure of expected inflation. But you have to be a bit careful about using them to interpret recent events, because the same financial disruptions that wreaked havoc with many assets also did some funny stuff to TIPS. – NY Times Blogs
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Inflation expectations continue to rise – Scott Grannis – Calafia Beach Pundit