The wisdom of Conor Sen

30-year yields down 25bps since the House passed One Big Beautiful Bill.

It’s weird to me how this isn’t the consensus view. And OBBB + tariffs is tighter net fiscal policy than we would’ve gotten with Kamala plus a GOP Senate.

Both from X, here and here.  The “relative to the counterfactual” is a critical point here, still this perspective is somewhat neglected, especially now with the whole big popcorn scramble thing and the feud.