> Trump is crashing the T-note yield to refinance $9T (which is how much US debt is going to mature in 2025) at a lower rate
Even if this were intended (unlikely), destroying $6T of notional stock market value so far to save $270b/yr of interest (if 10-year yields drop by 3%, which hasn't happened yet) is a bad trade.
Even if this were intended (unlikely), destroying $6T of notional stock market value so far to save $270b/yr of interest (if 10-year yields drop by 3%, which hasn't happened yet) is a bad trade.