Treasury Market Promises Trump Voters Higher Inflation
Photo by Public domain, via Wikimedia Commons
If you are a Trump voter who voted for him because you believe that he would bring down inflation, the largest, most liquid market in the world today is telling you that you are a fucking idiot and you should start saving money to deal with higher inflation once he assumes office. The bond market is making huge moves, as yields are exploding in expectation of higher interest rates which follow inflation. As of this writing, the two-year Treasury Note for United States debt is up 2.5 percent, the ten-year is up a staggering 4.3 percent, and the 30-year is up 4.78 percent. Borrowing costs will be higher under Trump’s administration, that much is clear so far.