Donald Trump faces his toughest opponent yet
After Bill Clinton’s plans were derailed by rising borrowing costs in the early 1990s, his chief strategist, James Carville, quipped that if he were reincarnated, he “would want to come back as the bond market – you can intimidate everybody”. Three decades later, Carville’s remarks still ring true. Rising bond yields have a unique ability to exert ...
After Bill Clinton’s plans were derailed by rising borrowing costs in the early 1990s, his chief strategist, James Carville, quipped that if he were reincarnated, he “would want to come back as the bond market – you can intimidate everybody”. Three decades later, Carville’s remarks still ring true. Rising bond yields have a unique ability to exert ...
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