Treasure Yields Fall, Gold Rises On Bessent's $1 Trillion Warning - Investor's Business Daily
Treasure Yields Fall, Gold Rises On Bessent's $1 Trillion Warning - Investor's Business Daily
Source: Investor's Business Daily
―
DW NOTE
Bessent warned in April that the deficit could hit $1 trillion *this quarter* if Congress didn't act. They didn't. It did. Now Treasury yields fall anyway — not because investors believe in fiscal discipline, but because they believe the Fed will have to monetise the excess. When debt becomes so large that solvency is no longer priced, only liquidity matters.