The U.S. bond market is under significant pressure as long-term yields remain near their highest levels of the year, due to concerns over new tax proposals from President Donald Trump. This proposal could add an additional $4 trillion to the national deficit, creating strong shocks to financial markets and having widespread impacts beyond Washington. Investors are worried that the new tax policy will lead to continued interest rate increases, putting pressure on bond prices and raising uncertainties about the long-term economic outlook for the U.S.
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