'The Tail That Wags The Dog' - Goldman Macro Traders Explain It's "All About The Long-End"

Macro this week has been all about long end rates, according to Goldman Sachs macro traders Cosimo Codacci-Pisanelli and Rikin Shah. 

Fiscal sustainability concerns had never really disappeared, but with recession probabilities fading - the market is refocussing on them as Trump’s fiscal bill passes through congress.