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 didn't make Trump blink — the Strait of Hormuz did. When 10-year yields hit 4.99% with WTI at $102 and the Fed stuck at 3.75%-4% while inflation runs at 5.44% on the producer side, that's not market discipline forcing fiscal restraint. That's a president who rejected Iran's ceasefire terms on October 28 now watching what happens when 85 tankers per day becomes 2.