AIFortuneabout 2 hours ago
$40T debt sparks bond market revolt
7 min read
Total U.S. debt crossed $40 trillion this month. J.P. Morgan's David Kelly and Apollo's Torsten Slok say Washington won't fix it, so the bond market will. Stanley Druckenmiller called Treasury's doubled buybacks "price management," warning the 30-year yield is "the only fiscal disciplinarian the U.S. has left.
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