Good morning. The House of Representatives narrowly passed Donald Trump’s “big, beautiful bill” yesterday, leaving the Senate as the final hurdle. As it stands, the bill will add to the already large US fiscal deficit. The bond market moved little on the news. Perhaps fiscal profligacy was priced in. Email us: unhedged@ft.com
早上好。众议院昨日以微弱优势通过了唐纳德•特朗普(Donald Trump)的“伟大而美丽的法案”，参议院成为最后一道关卡。按目前情况，该法案将使本已庞大的美国财政赤字进一步增加。债券市场对此消息反应平淡，或许财政挥霍已被市场消化。如有意见，请发送邮件至：unhedged@ft.com
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