The big beautiful bill that passed a few weeks ago go gave massive tax cuts to the rich while reducing social safety nets and increasing the deficit by 5 trillion.
Both parties are hell bent on flying this country into a mountain.
Well, there's the deficit but also China's central bank has steadily reduced Treas holdings while BoJ ramps up, and other sovereigns incented to reduce if they think dollar continue to weaken or their country was running trade surplus w/US. (trying to figure out vol profile on $DXY in tradingview...)
But we are around or just over Bessent's pain points for /ZB and /zn so we'll see
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[ 0.25 ms ] story [ 14.9 ms ] threadThe Foreign Investors Who Bought the Recklessly Ballooning US Debt: July 2025 Update - https://wolfstreet.com/2025/07/18/the-foreign-investors-who-... - July 18th, 2025
Why the economy won't grow out of this debt structure:
Grow the Economy? Not With These Immigration Restrictions - https://www.bloomberg.com/opinion/articles/2025-07-18/immigr... | https://archive.today/GfLWG - July 18th, 2025
Both parties are hell bent on flying this country into a mountain.
Maybe Elon's third party can do something.
But we are around or just over Bessent's pain points for /ZB and /zn so we'll see
Treas by central banks https://home.treasury.gov/data/treasury-international-capita...