‘Everybody’s An Economic Populist Now’

I don't want to dwell too much on hypothetical US election outcomes given the myriad factors playing havoc with efforts to discern who's ahead where and with whom in what certainly counts as one of the more extraordinary political cycles the country's ever seen. That said, the "red sweep" bearish duration trade's starting to get some traction again, and it's worth a quick mention. A spate of firm -- and in some cases outright hot -- US macro data already has 10-year yields ~40bps higher off th