US Treasuries Weak as Focus Returns to US Fiscal Deficit — TradingView News

Bond markets have re-focused on Pres Trump’s tax bill as it makes its way through Congress. Main concern is that the huge deficit is not being controlled and that means Tsy supply a big problem, especially if foreign support actually ebbs. Also important that jury is still out on growth, inflation, Fed policy vis a vis tariffs. Thur and Friday jammed full of hard data to be assesses so risks are high. After flirting with key 4.50% level quite a few times recently, 10Y broke and 4.53% was high yield reached this morn. 3OY also under pressure. Reached high yield of 4.972%. Market eyes 5.00% as key to hold. Entire market lower with 2% hitting 4.067% vs 4.027% yesterday afternoon.