Yield Curve Spikes As Trump Unveils Infrastructure Plan

Tyler Durden's picture

Treasuries are seeing one of the biggest curve steepenings of the year following news that President Trump plans to keep pushing his legislative agenda in 2018 by releasing his long-promised infrastructure plan in early January, a senior administration official said.


As Bloomberg reports, Trump promised during his campaign to introduce a $1 trillion proposal within his first 100 days in office, then the administration said there’d be a plan by the third quarter. That didn’t happen after the failed attempt to overhaul health care and the ongoing tax effort.

The president aims to release his proposal to upgrade roads, bridges, airports and other public works before the Jan. 30 State of the Union address, said the administration official, who spoke on condition of anonymity because the details aren’t public.


Naysayers should wait until they see the details and how the legislative process unfolds, the official said.

Infrastructure advocates question whether a Republican-led Congress will be able to pass a spending plan with enough federal funding if it’s already approved a tax measure that official estimates say would bloat the budget deficit.

Some say the administration missed its best opportunity to deliver a meaningful public works initiative by not incorporating it into the tax bill, which is nearing approval.


“If they’d taken up infrastructure, we’d have a bill today and have the money to fund it,” said Ray LaHood, a Republican and former U.S. transportation secretary under President Barack Obama.


“Nothing happened this year, so the prospects of anything happening next year I think are pretty slim,” said LaHood, who is a co-chairman of Building America’s Future, a bipartisan coalition that promotes infrastructure.

In addition to the spike the long-end treasury yields, building materials stocks gained on the news. Martin Marietta jumped 5.1 percent, a session high, and was up 4.4 percent to $210.32 at 2:23 p.m. in New York. Vulcan Materials Co. climbed 3 percent to $124.78. Eagle Materials Inc. rose 1.9 percent to $113.79.

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bruceme's picture

Pardon my stupid question is this what the guys at Shepwave were referring to on here the other day.  Sometimes you are all over my head but at least I get the trading positions to make the money.  

totenkopf88's picture

Moar Debt! Build the fucking Wall already, Chump.

bruceme's picture

Do you have me mistaken with Donald?  I did vote for him.

Number 9's picture

illegal imm from the south has about died out..

all the mexicans that wanted in are here

it is now the gov direct flights from central africa that is the problem.

1835jackson's picture

In other news...Bitcoin is going to $12.4 Million per coin by 2019- mark it! 

Number 9's picture

good.. i buy my own country and wont need a wall..

YUNOSELL's picture

Now if only we can get the Mexicans to pay for the infrastructure as well as the wall

Bill of Rights's picture

You were ok with the  Nigger spending trillions tho right fuck face...

FreeShitter's picture

The cracker before him did the same, none of these cocksuckers mean a damn thing, End the fucking fed already and maybe the children will have a future,

Peacefulwarrior's picture

It wasn't until the "Government" had the FED start buying Govt bonds in WWII that the FED became a negative force. Its original intention was to Ebb and Flow money into the Private sector when liquidity was in issue.

MonetaryApostate's picture

Wtf ever, just look at your fake money & do the damn math on the serial number, please wake the flock up!  Keep in mind a series of it is printed each time a year is find on the money, meaning the total of the serial #, & any  letter = x26 the sum of serial numbers is printed each year found on any of the notes for that denomination!

Everything will change once everyone realizes they have been printing & loaning hundreds of quadrillions to steal everything...

Fake money, fake debt, fake value, fake news, fake investments, fakes markets, fake history, fake everything! 



Furious_Storm's picture

Build that...wait

What were we chanting for? 

Seasmoke's picture

Trump smacks Gold again.

FreeShitter's picture

You thought trump  was gonna be bullish on gold?

bruceme's picture

I am tempted to buy gold now.  What do you think?

Number 9's picture

Well that's fantastic. A really smart decision, young man. We can put that check in a money market mutual fund, then we'll re-invest the earnings into foreign currency accounts with compounding interest aaaand it's gone.

gn28's picture

buy away... most cryptos will get wiped and 1, maybe 2 will be left when the IMF will call it quitz on the major currencies and they'll all flit to full digital backed by gold... cause that's how they wiped debt each time, by reevaluating gold... and this time they can take it one further and force 99% of people on full digital... cause then you can just boost taxes overnight to force them to spend... when they see digital values dropping out of their digital wallet each day

... there's only one metal for money... and plenty of currencies made up out of thin air


FreeShitter's picture

Its always good to have some.

gatorengineer's picture

He's running up the credit cards like their is no tomorrow, and gold gets smacked?  yep, makes perfect sense....

Davidduke2000's picture

the gold still where it is, they simply ripped the paper contracts. try to buy a ton of gold and check how much it cost.

“Rebellion to tyranny is obedience to God.”-ThomasJefferson's picture

Very likely to be the greatest POTUS in the history of the republic.

-Build the wall
-Lock her up


FreeShitter's picture

1. Republic? 20T in debt? that's dead jim.

2. aint gonna happen.

3. see number 2

totenkopf88's picture

Didn't Obama try this massive infrastructure thing that failed to ignite any meaningful economic growth and just added hundreds of billions in dbet?

gatorengineer's picture

Thats not fair.  Obozos infrastructure spending did alot to line the pockets of the .01 percent.  Trumps will be no different.  Except our infrastructure is fine (ex major cities), and we are at full underemployment so that angle is kinda dead.

Davidduke2000's picture

no, no, it was to rebuilt Syria after destroying it. but Putin fucked up his plans and both israel and the us as well as the gulf states lost.

olibur's picture

I wish George Carlin was alive

MuffDiver69's picture

Cut a deal on repatriation of some overseas money and put it into bonds...Call it the American Reinvestment Bond or some horseshit and guarantee a decent return...

gatorengineer's picture

I will take 100 year infrastructure bonds a 3 percent...... better long term investment than shitcoin

Davidduke2000's picture

stop dreaming, no money will be repatriated to the us, it was made outside the us and that's where it will stay. this project will add $5 trillions to the national debt and all what you will get is a lousy T-SHIRT.

Davidduke2000's picture

trump should leave a space between the 2 border walls, that's where all the joos will go once they lose their country. it was written the cocksuckers will roam the earth for a homeland.