RE: US MARKETS12 Apr 2025 17:18
Yes WF, the bond market will dominate the policy. When Japan started selling off US Treasuries and the bond yield rose to 4.5%, that meant the US would have to find c$300bn extra to pay the interest and Trump caved. This is the sword that China and the EU hold over Trump.
Still, Trump has, by his own words, been gathering in $2bn a day and it wouldn't be like him to pass up the opportunity of gathering in a bit more.