but if you look at bond yields, there really isn't that much of a freakout

something like the "Big Beautiful Bill" is going to pass, so its not like the bond market is working in a vacuum

anecdotally, if the world didn't meltdown at the outrageous levels of ten, twenty, thirty trillion in debt...why would the world all of a sudden collapse at forty trillion in debt? if debt was a timebomb, it should have detonated decades ago