With U.S. Debt Soaring, Wall Street's Vigilantes' Are Back. Others Yawn.'
Briefly

"In the summer and fall, many investors worried that federal deficits were rising so rapidly that the government would flood the market with Treasury debt that would be met with meager demand."
"Several analysts say some of the frenzy reflected mistimed and mispriced bets regarding recession and future Federal Reserve policy more than fiscal policy concerns. And as inflation retreats and the Fed eventually ratchets down interest rates, they expect bond yields to continue to ease."
Read at www.nytimes.com
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