How many institutions are now being asked to support the administration's financing strategy? The easy-money debt of 2020 is rolling into roughly 5% refinancing. Someone's sweating like a stuck pig in August.
Jesse Felder‘The only way to durably rein in Treasury yields is to exercise fiscal restraint and stop adding marginal pressure to an already challenging inflation problem through tariffs and geopolitical misadventures.’ www.bloomberg.com/opinion/arti...