Ray Dalio Warns a Brutal Budget Fight After the Midterms Could Lift US Short-Term Yields

Billionaire investor Ray Dalio says the midterms present new fiscal challenges that will rattle markets

Ray Dalio said that bitter fighting between incoming Democrats and Republicans over spending could spill over into markets.

Ray Dalio Warns a Brutal Budget Fight After the Midterms Could Lift US Short-Term Yields

Bond market warning: Billionaire investor Ray Dalio has said that fights over government spending after the midterm elections could raise short-term US yields. Disputes between Democrats and Republicans could spill over into the bond markets, he warned. He also expects growing worries about liquidity and credit risks.

Ray Dalio Warns Post-Election Funding Fights Could Lift Short-Term Yields

He cited a Dec. 11 funding expiration and projected debt and Treasury funding pressures in 2027 as potential political flashpoints.