Isn’t a much simpler answer that China started dumping bonds, and they’ll dump a lot more if the tarriff situation isn’t resolved soon?
As a real estate investor who’s mortgaged to the max, Trump wants high inflation to increase the nominal value of his properties, and low interest rates. China has extensive US bond holdings and at least some ability to drive up 10 year rates by selling those bonds. Trump doesn’t want higher rates, even if you only consider his direct, personal situation.
Isn’t a much simpler answer that China started dumping bonds, and they’ll dump a lot more if the tarriff situation isn’t resolved soon?
As a real estate investor who’s mortgaged to the max, Trump wants high inflation to increase the nominal value of his properties, and low interest rates. China has extensive US bond holdings and at least some ability to drive up 10 year rates by selling those bonds. Trump doesn’t want higher rates, even if you only consider his direct, personal situation.