"The Bond Market Is Going To Continue To Be A Problem" | Bill Fleckenstein

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It's said that the "Trump put" on financial markets is not on the S&P in this second term, but rather on the 10year US Treasury yield.

The rise in Treasury yields since 2022 has sent the cost of servicing America's federal debt to record highs, exceeding spending on national defense for fiscal year 2024.

US Treasury Secretary Scott Bessent has indicated his and the President's desire to get the 10year yield comfortably under 4%....but that's proving difficult.

In fact, after falling to 4.1% two week ago, the yield has quickly shot back up to near 4.5% as of the day of this recording.

Why is it proving so tricky to tame bond yields?

And what will it mean for the economy & markets if they can't be?

For answers, we have the great fortune today of turning to veteran money manager Bill Fleckenstein and founder of Fleckenstein capital.

#bonds #interestrates #gold
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