Tax reform saves TBTF, for a while

The ten year is dropping back down, the whole curve stabilized.  We have a new set of TBTF members willing to bank with the Fed because tax cuts increase the TBTF subsidies.  But it is a last gasp, Trumptsters is attempting to extend TBTF just like the Cal pensions are trying to extend the market rally. The clue is the rapid rise in interest charges at the Swamp, the last gasp extend and pretend will not hold the dyke.