DevFortuneabout 2 hours ago
Bank of America warns bond investors as debt nears $40 trillion
4 min read
The U.S. national debt stands at roughly $39.9 trillion and is expected to cross $40 trillion this week. Bank of America strategist Michael Hartnett's "Anything but Bonds" call warns long-duration Treasurys are unattractive, projecting debt to reach $50 trillion by 2029.
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