Trump Blinks as Big, Bad Bond Market Bares its Teeth: McGeever - energynow.ca
Trump Blinks as Big, Bad Bond Market Bares its Teeth: McGeever - energynow.ca
Source: energynow.ca
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DW NOTE
The bond market isn't "baring its teeth" — it's pricing the structural deficit Trump inherited and the spending he hasn't cut. The 10-year at 4.68% reflects lenders who've watched Congress add $2 trillion to the debt every eighteen months since 2020. When the sovereign stops pretending it can borrow infinitely at negative real rates, that's not the bond market misbehaving. That's arithmetic.