$STG $XNY Trump understands that the bond market is a matter of life and death.

1. When the 10-year yield was at 4.60%, he suspended tariffs.

2. When the 10-year yield was at 4.30%, he purchased $200 billion in mortgage bonds.

3. When the 10-year yield was at 4.45%, he delayed the strike against Iran.

4. When the 10-year yield was at 4.45%, he further delayed the strike against Iran.

Is this judgment simplistic and crude?

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