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[Proposed US Tax Bill Could Add $4 Trillion To Deficit, Potentially Pushing 10-year Treasury Yields To 5%] Market Analysts Express Concern That A Proposed US Tax Bill, Aiming To Extend 2017 Tax Cuts, Could Significantly Increase The US Deficit By Potentially Adding Around $4 Trillion Over The Next Decade, According To A Projection By The Tax Foundation. Experts Like Ed Yardeni And Padhraic Garvey Predict This Could Cause Volatility And Potentially Push The Yield On The 10-year US Treasury Towards Or Past The Key 5% Level, Potentially Leading To Bond Market Disruptions.
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