Elon Musk expressed optimism about the Department of Government Efficiency's impact on long-term Treasury yields, suggesting that lower rates would lead to reduced interest payments for borrowers across various sectors. The discussion reflects a broader strategy among House Republicans to revamp budget plans potentially linked to past tax cuts while navigating the challenges of reducing government deficits. Deutsche Bank analysts highlighted that while lowering deficits is key, less conventional methods could be explored to support Treasury bond purchases, potentially involving eased bank regulations or diplomatic pressure on foreign governments.
"As it becomes clear that the Department of Government Efficiency is working, you will see long-term Treasury yields fall... All Americans will benefit from lower interest payments on mortgages."
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