How a new tax bill could cause bond yields to spike and stoke a fresh bout of market chaos

Contributing sentiments towards policy:

48% : Right now, bond investors are concerned about two big macro forces: Trump has said that a goal is to lower interest rates for Americans during his term, and he's keeping close watch on the 10-year Treasury yield as a scorecard.
46% : Another showdown between Trump and the bond market could be coming later this year.
45% : He also pointed out that the US debt ceiling is set to increase around that time, which could fan more panic over government borrowing.
35% : For bond investors worried about the sustainability of government spending and the safe-haven status of US Treasurys, any fiscal moves that add to the deficit are bad news.
30% : Trump later denied the sharp rise in yields was behind his decision to pause most tariffs for 90 days on April 9, but he had admitted to at least watching the bond market as it reacted violently to the trade war.
29% : Yardeni says he believes it's likely Trump will blink on some items in his tax bill to avoid another confrontation with bond market vigilantes.
28% : "Unless Trump is willing to cut these entitlement programs for defense spending or raise taxes, none of which I think he'd be willing to do easily.

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