Deutsche Bank: The market is losing interest in financing the US twin deficits

George Saravelos, Global Head of Foreign Exchange Research at Deutsche Bank, emphasized issues related to the US dollar, deficits, and government policies in an article. This article undoubtedly resonates with the trend of the US 30-year Treasury yield reaching 5% today. He emphasized that consensus is forming around the fiscal budget bill currently under congressional review, and the possibility of increasing deficits is becoming greater. This is contrary to the White House's goal of reducing the trade deficit, as it would stimulate consumer demand. They believe that the current account deficit will continue to rise.