Round numbers should not matter in financial markets, but they do. How many people pay attention to where 11-year Treasury bonds are trading? So seeing yields on America’s 30-year government debt stuck above 5% since May 21st has given investors the shivers. The latest jump came shortly before the House of Representatives passed President Donald Trump’s “big, beautiful”—and deficit-widening—budget bill by one vote on May 22nd.
BUSAN, SOUTH KOREA - OCTOBER 30: U.S. President Donald Trump (R) speaks with Chinese President Xi Jinping during a bilateral...
Next week, New York City voters almost surely will send self-proclaimed socialist Zohran Mamdani to Gracie Mansion, and he promises...
I’ve had a difficult time watching superhero movies the past few years. Not because they lack quality (though perhaps true),...
Conor here: Richard Murphy offers up a defense of nationalism based on a politics of care. He deals with the...
Humans continue to devise innovative ways to kill one another. Bullets simply will not suffice in modern warfare. Moscow has...
BUSAN, SOUTH KOREA - OCTOBER 30: U.S. President Donald Trump greets Chinese President Xi Jinping ahead of a bilateral meeting...
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