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America’s Big Deficits Are Solving a Big Problem for Markets

Why aren't big deficits causing treasury yields to spike? This article offers an explanation....
America’s budget deficits are often described by economists as a problem. In the markets right now, they look more like a solution. When...foreboding takes hold, it translates into demand for safe assets. And Trump is supplying them -- at a pace of about $1 trillion a year, matching the projected shortfalls in the U.S. budget.
https://bloomberg.com/news/articles/2019-04-24/america-s-big-deficits-are-solving-a-big-problem-for-markets
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