Premium13 Charts To Start The Week
The rates market is again front and center after its April 8 basis trade implosion, as focus now shifts to Trump's "big beautiful bill” that’s expected to increase the budget deficit by $3 trillion and total debt by $5 trillion, and could result in 30Y rates rising as high as 8.5% in 5 years.
The “Big Beautiful Bill” might win votes now — but it’s setting up a debt bomb.
— Akshay Naheta (@Akshay_Naheta) May 26, 2025
Without immediate spending restraint, 10Y and 30Y yields could soar not just from inflation, but from collapsing trust.
Add tariffs & onshoring to the mix? Foreign demand dries up. Rates explode! pic.twitter.com/djaP25oqqv