Bond Market Ignored in Spending Plans: Erik Wasson
Bloomberg's Erik Wasson joins Michael McKee on "Bloomberg Real Yield." US bond yields are spiking in part because of concerns over the total US public debt blowing past $40 trillion. Not only are congressional lawmakers shrugging that off, some are indicating that more deficit spending is yet to come. (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.