Markets are continuously evolving. The flight to safety in gold and US bonds versus the rest of the world is telling the story rn. Europe selling off, realizing they are going to have to pay for their own security now with Russia and times are different now. This is a significant change from the past, so it was never going to be painless. Plus coughdrop grandpa needs an excuse to print and he still hates Trump and doesn’t want him to get the credit for market pumping after the cuts. But like mallers said, the debt has to get refinanced regardless. This is all politics