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 isn't baring its teeth at Trump — it's marking to market the fiscal trajectory he inherited and accelerated. The US federal deficit hit $1.8 trillion through July, inflation sits at 3.4% with a blockaded Strait of Hormuz suppressing supply by 4.3 million barrels per day, and the Fed hasn't moved rates all year. Bond vigilantes don't need to punish policy; they just need to price it.

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