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
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DW NOTE
The bond market forced Trump to abandon tariff threats in early 2025. Now it's done it again. When the 10-year yield spiked past 5% this month, the White House shelved whatever fiscal expansion was being prepared. Two administrations, same lesson: you can ignore voters, but you cannot ignore the people who lend you $1.8 trillion a year.