Here's something that's caught market attention: a proposed 10% interest rate cap on credit cards could deal a serious blow to the $70 billion credit card bond market. The numbers tell the story—if this goes through, income streams could plummet to levels we haven't seen since the 2008 financial crisis.

What happens next? Issuance volume would likely shrink significantly. Banks and financial institutions rely heavily on credit card securitization for funding, so tighter margins mean fewer bonds hitting the market. It's a ripple effect that extends beyond just the credit card sector—when one major debt market faces pressure like this, investors start repositioning across other asset classes too.

The broader takeaway? This kind of policy intervention in traditional finance matters for everyone watching markets. Tighter credit conditions, reduced liquidity in established debt markets, and shifting investor behavior all create a different macro backdrop that influences where capital flows—including toward alternative assets.