Trump Tax Bill Sparks Treasury Turbulence

President Trump’s tax legislation initially triggered a Treasuries sell-off, but markets calmed as attention shifted to U.S. economic indicators.

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President Trump’s tax legislation initially triggered a Treasuries sell-off, but markets calmed as attention shifted to U.S. economic indicators, though Senate revisions—broadening tax breaks and reinstating program funding—could increase deficits, potentially provoking a bond market reaction.

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