www.nytimes.com
6 months agoBusiness
With U.S. Debt Soaring, Wall Street's Vigilantes' Are Back. Others Yawn.'
Bond traders in the Treasury bond market waged a chaotic battle this year as worries about federal deficits and inflation led to a buyers' strike.
The yield on the 10-year Treasury note rose from 3% in March to 5% in October, causing significant losses for investors who bet on lower bond yields. [ more ]