Are we really understanding California and New York?
The USA needs to desperately unleash a housing boom and Trump needs to massively reform the USA government which he has thankfully begun, but begun only. All this needs to be wrapped around ending poverty before our civilization crumbles and starts shedding the living..
Here Comes The Yield Shock---The Beltway Borrowers Are Going Berserk
Consequently, bond yields have continued their upward march.