The $40 trillion national debt and the bond market’s revolt: top Wall Street strategists explain how we got into this mess
David Kelly and Torsten Slok reached the same conclusion from opposite directions: with DC unwilling to touch the deficit, the bond market is the bad cop.
David Kelly and Torsten Slok reached the same conclusion from opposite directions: with DC unwilling to touch the deficit, the bond market is the bad cop.
BELLINGS Intelligence Score: 85
Why it matters
The $40 trillion national debt and bond market unrest represent a systemic credit-market stress event with broad implications for US fiscal policy, Treasury funding, and global bond markets, directly impacting borrowing costs and credit availability at a critical juncture of market turmoil.
Sources
Fortune
The $40 trillion national debt and the bond market’s revolt: top Wall Street strategists explain how we got into this mess
David Kelly and Torsten Slok reached the same conclusion from opposite directions: with DC unwilling to touch the deficit, the bond market is the bad cop.