Equities Flicker, Then Fade—The Fiscal Fire’s Still Smouldering
May 22, 2025 at 21:36 PM EDT
Thursday had all the makings of a bond market bloodbath. Yields were supposed to unshackle and sprint higher after President Trump’s sprawling, deficit-detonating “Big, Beautiful” bill squeaked through the House by a single vote—215 to 214.