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01.07.25 - 14:33
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The Bond Canary In The "Big Beautiful" Coal Mine (ZeroHedge)
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The Bond Canary In The "Big Beautiful" Coal Mine
Submitted by QTR's Fringe Finance
With the passage of President Trump's so-called “Big Beautiful Bill”—a sprawling new fiscal stimulus and infrastructure package—the U.S. bond market should be in the spotlight, if you ask me.
This legislation, which mostly accelerates deficit spending at a time when debt servicing costs are already surging, is colliding with a Treasury market that has shown persistent signs of instability over the past year. Investors should be watching this space very closely.
Libertarians and fiscal conservatives are sharply critical of Trump's “Big Beautiful Bill,” arguing it fuels runaway spending, expands government power, and deepens the national debt without accountability. They see it as the latest bipartisan failure to exercise fiscal discipline, especially given the total disregard for the debt ceiling and the growing risk of fiscal dominance, where the Fed is pressured to keep rates low to fin...
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