I just received the comment: "Are treasuries getting slammed because of the tax cuts and the implied/intended increase in economic growth? or is it more than that?"
My take is that treasuries are getting hurt not because the tax cuts will lead to an increase in economic growth, remember these are extensions not cuts, but because the extensions lock in the deficit, and imply an increase in treasury bond issuances.
Also I find it very telling that the world over is referring to these extensions as cuts, this is propaganda of the first order.
so what effect do you think these rising yields will have on stocks and PMs?
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