Bond Markets Test $40T US Credibility, Saudi Nuclear Deal Heads to Congress, Another Russian Refinery Hit
Today's Digest covers U.S. bonds, Saudi nuclear deal, Israel space arms, China cyber ops, Iran media targets, oil costs in India and Japan, Meta age verification, Amish NY exodus, Portugal face-covering ban, UK conversions to Islam.
Source: Peak Prosperity
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DW NOTE
The Treasury is buying its own bonds to suppress yields after the 30-year hit a 19-year high — and when asked if more intervention was coming, Trump cited the military. That's not monetary policy, that's a protection racket. If bondholders stop treating $40 trillion in federal debt as risk-free, every mortgage rate and corporate loan in the country reprices overnight.