The veteran trader points to 30-year Treasury yields climbing to levels not seen since before the 2008 financial crisis, arguing investors are demanding higher returns because they're becoming less confident in America's long-term fiscal outlook.
With U.S. debt approaching $40 trillion and interest costs continuing to climb, Soloway believes markets are beginning to question Washington's ability to keep borrowing at the current pace.
"The people buying 30-year bonds are demanding a higher interest rate to take the risk that they're not going to get all their money back."
@GarethSoloway
With U.S. debt approaching $40 trillion and interest costs continuing to climb, Soloway believes markets are beginning to question Washington's ability to keep borrowing at the current pace.
"The people buying 30-year bonds are demanding a higher interest rate to take the risk that they're not going to get all their money back."
@GarethSoloway
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