3-Circle Investments by The Bear Traps Report

3-Circle Investments by The Bear Traps Report

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3-Circle Investments by The Bear Traps Report
3-Circle Investments by The Bear Traps Report
Soft QE, Hard Politics: Trump's Yield Curve Without a Compass

Soft QE, Hard Politics: Trump's Yield Curve Without a Compass

Craig Shapiro's avatar
Craig Shapiro
Jul 01, 2025
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3-Circle Investments by The Bear Traps Report
3-Circle Investments by The Bear Traps Report
Soft QE, Hard Politics: Trump's Yield Curve Without a Compass
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How the administration’s revival of activist Treasury issuance risks reawakening inflation — with no credible anchor in sight.

The yield curve no longer tells the truth. Not because markets are wrong …

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