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10-year Treasury yield climbs above 5.3% to a level not seen in 24 years

122 points · 193 comments · kaycebasques

  1. guelo · · focus · HN ↗
    It's weird how the discussion on this rarely mentions Trump's giant 2017 and 2025 tax cuts, plus the insane increase in military spending. Somehow it's always about we need to cut entitlements.

    People need to study this graph <a href="https:&#x2F;&#x2F;fred.stlouisfed.org&#x2F;series&#x2F;FYFSD" rel="nofollow">https:&#x2F;&#x2F;fred.stlouisfed.org&#x2F;series&#x2F;FYFSD and think about what changed when.

    1. zeroonetwothree · · focus · HN ↗
      The effective tax rate has actually not changed that much in decades, regardless the “tax cuts” (more like “tax reallocations”)
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