Deutsche Bank AG: The market is losing interest in financing the U.S. twin deficits

Deutsche Bank AG's global foreign exchange research head, George Saravelos, emphasized issues related to the dollar, deficits, and government policies in an article. This article undoubtedly resonates with today's trend of the U.S. 30-year Treasury yield reaching 5%. He highlighted that a consensus is forming among various parties regarding the fiscal budget bill currently under consideration in Congress, and the likelihood of rising deficits is increasing. This is contrary to the White House's stated goal of reducing the trade deficit, as it would stimulate consumer demand. They believe that the current account deficit will continue to rise