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If the plan is to let the stock market go and drive bond yields lower to make the trillions in debt that needs to be rolled over this year more manageable, it is being executed flawlessly by Trump and Bessent.

Chris 10mo ago

Missing a big wrinkle. There has been no NET NEW debt sold since we hit debt ceiling in Jan.

Once that passes in a few months, borrowing needs EXPLODE 🤯

Yields will go back up. Dramatically. And Fed will have to come back in as buyer of last resort….

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