Initially Trump believed, and complained that the rising Fed interest rate meant the government paid a higher interest on its’ borrowing. Now, of course, the perception of rate cuts has seen the market higher as money flows out of bonds into it and the bond yield, which is the actual interest the treasury pays, go higher just when they need to issue more bonds. Of course, the worlds leading economist and self proclaimed arms salesman is only interested in the White House day trading.
Initially Trump believed, and complained that the rising Fed interest rate meant the government paid a higher interest on its’ borrowing. Now, of course, the perception of rate cuts has seen the market higher as money flows out of bonds into it and the bond yield, which is the actual interest the treasury pays, go higher just when they need to issue more bonds. Of course, the worlds leading economist and self proclaimed arms salesman is only interested in the White House day trading.