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⚖️ Trump’s Tax Bill Passes, Yields Cool, Bitcoin Booms – But Don’t Get Too Cozy

⚖️ Trump’s Tax Bill Passes, Yields Cool, Bitcoin Booms – But Don’t Get Too Cozy

Markets Pause the Panic—But the Storm Ain’t Over

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Ben The Bull
May 22, 2025
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⚖️ Trump’s Tax Bill Passes, Yields Cool, Bitcoin Booms – But Don’t Get Too Cozy
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📉 Market Recap – A Breath, Not a Breakout

Markets seesawed Thursday after a brutal Wednesday sell-off. The House barely passed Trump’s $4T tax plan, helping ease some bond market panic—for now.

  • Dow Jones: ⚖️ Flat

  • S&P 500: 🔻 –0.04%

  • Nasdaq: 🔺 +0.28%

The bounce was tepid. Traders are watching yields and deficit headlines like hawks 🦅.

📈 Bond Market: Panic Eases—For Now

After Wednesday’s 20Y auction disaster, long-end yields finally took a breather:

  • 🔻 10Y: 4.55%

  • 🔻 30Y: 5.07% (off crisis-era highs)

Moody’s downgrade + Trump’s $4T tax-and-spend package = bond traders sweating bullets. But the short-term calm might not last with a Senate battle looming.

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