The package contains a range of measures, including increased spending for the U.S. military and border security and tax cuts.

After the House passed President Donald Trump’s “one big, beautiful bill” by a single vote on Thursday, the Senate is considering a host of changes to the massive tax and spending package, which contains many of the president’s legislative priorities.

A lot of the coverage for why the bond market doesn’t like the “big, beautiful bill” focuses on the fact that its policy changes will increase government debt by slashing taxes without raising anywhere near an equal amount of revenue elsewhere.