🚨 ART OF THE DEAL:

Donald Trump’s new red line isn’t a border—it’s a bond yield.

The 4.5% zone on the US 10Y is the battlefield.

4.4%–4.6% = danger zone:

⚠️ Rate cuts at risk

⚠️ Fiscal plans shaken

⚠️ Inflation fears return

Markets aren’t just watching… they’re deciding the play.