“美丽大法案”恐引发“市场呕吐”！

Group 1 - The U.S. Treasury's recent auction of $16 billion in 20-year bonds faced weak demand, leading to a rise in 30-year Treasury yields to an 18-month high, hovering above 5% [1] - RSM's chief economist Joseph Brusuelas noted a shift in investor perception regarding the safe-haven value of long-term U.S. Treasuries, driven by increasing risks related to government spending, taxation, trade, inflation, and growth [1] - Moody's downgrade of the U.S. credit rating has raised concerns, with projections indicating that U.S. debt could reach 134% of GDP by 2035, highlighting the unsustainable nature of the current deficit levels compared to other developed nations [1] Group 2 - The Responsible Federal Budget Committee estimates that the recent tax cut plan could increase the deficit by $3.1 trillion over the next decade, equivalent to 10% of this year's GDP [2] - Analysts have expressed concerns about the implications of high deficits during a period of low unemployment, likening current borrowing levels to wartime financing [2] - There are warnings that unless the stock market experiences another significant downturn, the administration may not reconsider its tax cut strategy, potentially leading to a severe sell-off in long-term bonds that could impact risk assets [2]