Shooting in Manhattan and shooting in Oklahoma (where “Killers of the Flower Moon” was filmed) are two different things. Being around people on a farm that is one-tenth bigger than the size of Manhattan is very different than being on 63rd Street. You begin to see the world from how they perceive it. Just to understand what daylight and nighttime means in rural areas. That was a revelatory experience being out there for that long.
In the past, the bond market has recoiled at policies that it’s found distasteful. Sometimes, the reaction is violent enough to scare politicians.Trump himself said that the
in his decision earlier this year to delay many of his tariffs, saying that he noticed investors “were getting a little queasy.”The bond market also helped makethe United Kingdom’s shortest-serving prime minister in 2022, when
to cut taxes and raise spending without a way to pay for them. James Carville, adviser to former U.S. President Bill Clinton, also famously said he’d like to be reincarnated as the bond market because of how much power it wields.While there is some element of vigilantism that’s keeping Treasury yields higher than they would be otherwise, the reaction so far by the bond market likely isn’t enough to get Trump or Congress to back off their efforts to cut taxes.
“I don’t really expect it to snowball or last,” said Brian Rehling, head of global fixed income strategy at Wells Fargo Investment Institute. “I don’t think this is going to rise to a level of a crisis.”
Treasury yields calmed on Thursday, for example. And the United States isn’t the only country seeing yields for its bonds rise. That’s happening for other developed economies around the world, particularly Japan.Emelia Probasco, a senior fellow for the Center for Security and Emerging Technology at Georgetown University, said the statement is noteworthy because few commercial technology companies have so clearly laid out standards for working globally with international governments.
“We are in a remarkable moment where a company, not a government, is dictating terms of use to a government that is actively engaged in a conflict,” she said. “It’s like a tank manufacturer telling a country you can only use our tanks for these specific reasons. That is a new world.”Israel has used its vast trove of intelligence to both target Islamic militants and conduct raids into Gaza seeking to rescue hostages, with civilians often caught in the crossfire. For example, a February 2024 operation that
resulted in the deaths of 60 Palestinians. A June 2024freed four Israeli hostages from Hamas captivity but resulted in the deaths of at least 274 Palestinians.