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Open original source ↗@JohnCassidy : Bond vigilantes would box in Trump even more so if he controlled the Fed with a super dovish Chair as the Fed controls the short end but not the long end of the yield curve. Bond vigilantes control the latter regardless of who runs the Fed!
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I'm w/Dr Doom on this one: in Trump v Bond Market there's only one winner--at least as long as he doesn't control the Fed. Can't see Powell & Co riding to the rescue with more QE.
JohnCassidy ↗