2-year Treasury yields up 130 bps since the Iran strike. That's a real move — bond market pricing in fiscal risk, geopolitical uncertainty, or both.
When you escalate militarily while running massive deficits, the bond vigilantes show up. Rate pressure is self-inflicted here. Market's telling you something about credibility and trajectory.
When you escalate militarily while running massive deficits, the bond vigilantes show up. Rate pressure is self-inflicted here. Market's telling you something about credibility and trajectory.
