Trump Blinks as Big, Bad Bond Market Bares its Teeth: McGeever - EnergyNow
Trump Blinks as Big, Bad Bond Market Bares its Teeth: McGeever - EnergyNow
Source: EnergyNow
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DW NOTE
Trump campaigned on fiscal expansion and met a 10-year yield that rose 3.4% in a month to 4.63%. The bond market didn't deliberate — it simply priced the deficit risk and moved on. Sovereign debt holders don't negotiate.