Last trading day of the month always gets weird and then with that outstanding debate and Bowman yapping earlier in the work some volatility is to be expected.
Q2 data is slowly coming in, it’s not bad, but also not great. As long as there are no major surprises rates should hold as the FedWatch tool isn’t looking at anything before Sept at this point.
Bowman and Kashkari want to tank the market tho.
The President can’t set interest rates, despite what Trump says. Jerome Powell’s term isn’t up until Feb 2026. Default risk though, is much higher, as Trump can tell the treasury secretary to not pay bonds out at maturity.
Today, they are good. But that analysis is primarily based on a financial analysis and the current/recent congresses.
And as always, past performance is no guarantee of future results.
Congress controls it, not the President. The only way the bills don’t get paid is if Congress doesn’t authorize a debt ceiling increase or the bank account is actually empty after all extraordinary measures are taken.
🥭 stated fiscal policy is to manage the economy to inflate his short term polling
This devalues the dollar. Since treasuries are paid in dollars, treasuries become worthless
Foreign governments are likely the ones dumping since they will admit the obvious.
domestic actors (Wall Street) have political bias and don’t have any obvious reason to consider foreign exchange issues when evaluating treasuries
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Last trading day of the month always gets weird and then with that outstanding debate and Bowman yapping earlier in the work some volatility is to be expected. Q2 data is slowly coming in, it’s not bad, but also not great. As long as there are no major surprises rates should hold as the FedWatch tool isn’t looking at anything before Sept at this point. Bowman and Kashkari want to tank the market tho.
Either a large player was liquidated or bond traders fearful of a Trump presidency (even though he will set rates to 0)
The President can’t set interest rates, despite what Trump says. Jerome Powell’s term isn’t up until Feb 2026. Default risk though, is much higher, as Trump can tell the treasury secretary to not pay bonds out at maturity.
But US sovereign ratings are good?
Today, they are good. But that analysis is primarily based on a financial analysis and the current/recent congresses. And as always, past performance is no guarantee of future results.
Pretty sure he can influence the decision
Congress controls it, not the President. The only way the bills don’t get paid is if Congress doesn’t authorize a debt ceiling increase or the bank account is actually empty after all extraordinary measures are taken.
🥭 stated fiscal policy is to manage the economy to inflate his short term polling This devalues the dollar. Since treasuries are paid in dollars, treasuries become worthless Foreign governments are likely the ones dumping since they will admit the obvious. domestic actors (Wall Street) have political bias and don’t have any obvious reason to consider foreign exchange issues when evaluating treasuries