Trump may face bond vigilantes amid concerns over inflation and the deficit

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• Rising yields reflect concerns over inflationary policies and potential economic impacts.
• Bond vigilantes may pressure Washington to address deficits, affecting fiscal policy decisions.
• Jimmy Chang says buying right at the 5% tipping point isn't a good idea.

Wall Street doesn't constantly look to Washington for investment advice or direction, but the bond market is one place where they definitely intercept.

As investors...