DOGE Job Cuts Spur Economic Growth Fears Amid 10-Year Treasury Yield Drop

• Elon Musk has established the 10-year Treasury yield as an unofficial scorecard for DOGE efforts.
• Musk has argued that Treasury yields will fall if DOGE’s cost-cutting measures are working.
• After a postelection surge, yields have fallen lately. But not for the reason DOGE wants.

While Donald Trump has historically looked at the strength of the stock market to gauge the health of a presidency, there’s a new key metric in town: the 10-year Treasury yield.