Analysts: US tax cuts are expected to put pressure on the long end of US debt

Odaily Planet Daily News Arif Hussain, head of fixed income at T.Rowe Price, pointed out that the passage of Trump's "Big Beautiful Bill" is expected to lead to an increase in the US primary deficit, which will put pressure on the long end of the Treasury yield curve. He said: "Tax cuts will keep the US fiscal deficit high for the foreseeable future and put pressure on the long end of the US Treasury yield curve." A qualitative consideration that may worsen the situation is that if the United States no longer plays the role of "global policeman", the expected increase in foreign demand for US Treasury issuance in the future will face questions. In this context, T.Rowe Price said that US Treasury bonds with a term of 10 years and longer may face greater pressure. (Jinshi)