Chaos in Bond Markets Sends Shock Waves Strong Enough To Get Even Tariff-Happy Trump’s Attention
Wednesday’s auction was viewed as a make-or-break moment after the Treasury market sold off overnight.
The bombastic Democratic operative James Carville once said that if reincarnation is real, he wants to come back not as a president or pope, but as the bond market. The bond market, he said, “can intimidate everybody.”
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