Is Trump going to bomb the bond market?

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Donald Trump recently said that if his treasury secretary can’t get bond yields down, the next move might be the military. It sounds absurd, but the US bond market is the quiet foundation underneath almost every price in the global economy, from your mortgage to a company’s loan. When investors lose faith in a government’s ability to manage its money, as happened under the UK’s Liz Truss in 2022, bond yields spike, and borrowing gets more expensive for everyone, instantly. Trump’s tariffs, his…