In the usually steady government bond market, the yield on the 10-year Treasury has risen to about 4.5 percent from less than 4 percent at the end of last week.
  • BigMacHole@lemm.ee
    32·
    27 days ago

    Good! This is the EXACT type of 5D Chess we NEED Right Now! Although if Tomorrow Trump says this is BAD then it’s BIDENS FAULT!

    -Free Thinking Republicans!

  • DrinkMonkey@lemmy.ca
    19·
    27 days ago

    There’s a theory being batted around without too much evidence (hold tight, Snopes is on it) that Mark Carney talked European and Japanese leaders into accumulating US Treasury bonds, and then slow-selling them to make Trump squirm once he imposed the broad-brush tariffs to spook the T-bill market.

    The theory sounds mostly plausible in that Carney was in Europe for closed door meetings with European leaders shortly after being designated PM, and that Trump backed off so quickly and used the language of “the bond market is tricky” to justify the change in direction. Dropping demand for T-bills leads the Fed to increase yields to keep the borrowing taps on, means expensive borrowing for them, means no money for tax cuts for billionaires.

    On the other hand, the story originates from a twice-fired shock-jock’s Substack.

    But it sounds like something a wicked smart Harvard/Oxford educated economist would dream up and pull off…

    ¯\(ツ)/¯

  • N0t_5ure@lemmy.world
    16·
    27 days ago

    “Picking fights with major trading partners who also finance your debt becomes especially risky with a wide fiscal deficit and no credible plan to rein it in,” Mr. Eagan said.

    Oh, snap!