Trump Blinks as Big, Bad Bond Market Bares its Teeth: McGeever - EnergyNow.com

Trump Blinks as Big, Bad Bond Market Bares its Teeth: McGeever - EnergyNow.com

Source: EnergyNow.com

DW NOTE

The 10-year Treasury yield sits at 4.68% — hardly the bond vigilante revolt of prior decades. If the administration changed policy in response to that level, it was reading sentiment rather than resisting a funding crisis. The curve is positive, inflation prints are decelerating, and the VIX is under 16. This is a political decision dressed up as market discipline.

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