CoinVoice has learned that Arif Hussain, head of the fixed income department at T.Rowe Price, pointed out that the passage of Trump's "Beautiful Big Plan" is expected to lead to an increase in the U.S. fundamental deficit, thereby putting pressure on the long end of the Treasury yield curve.

He stated, "Tax cuts will keep the U.S. fiscal deficit high for the foreseeable future and put pressure on the long end of the U.S. Treasury yield curve." One qualitative consideration that could worsen the situation is that if the U.S. no longer plays the role of "global police," then the future expected foreign demand for U.S. Treasury issuance may be in question. In this context, T.Rowe Price indicated that 10-year and longer-term U.S. Treasuries may face significant pressure. [Original link]