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

DW NOTE

The bond market doesn't "bare its teeth" — it reprices credit risk when fiscal policy becomes untenable. If Trump retreated on anything this week, it's because ten-year yields were pricing the cost of a $1.4 trillion deficit at rates the Treasury can't afford to roll. That's not market discipline. That's arithmetic.

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