{
  "id": 1885981,
  "title": "Top economist on Trump’s ‘deadly cocktail’ for the bond market—and how the bond vigilantes have crossed Scott Bessent’s ‘red line’",
  "url": "https://urgent.news/2026/08/19/top-economist-on-trumps-deadly-cocktail-for-the-bond-market-and-how",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T07:00:00.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/08/19/bond-market-steve-hanke-economist-red-line-scott-bessent/"
  },
  "original_language": "en",
  "account": "Johns Hopkins economist Steve Hanke asserts that the bond market is the sole asset class presently accurately pricing risk, according to a recent interview with Fortune. Hanke contends that President Trump's administration has inadvertently mixed a dangerous combination for Treasuries, resulting in a bond market downturn that has already pushed yields above the informal threshold set by Treasury Secretary Scott Bessent. Hanke referred to this as the \"bond vigilantes\" rebirthing, as investors punish perceived fiscal or monetary recklessness, driving yields higher until policymakers intervene.",
  "summary": "\"The bond vigilantes have come out of hibernation,\" Johns Hopkins' Steve Hanke told Fortune, and \"the inflation genie is out of the bottle.\"",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}