Why vigilantes are again stalking the US bond market
Three decades ago, bond vigilantes pushed the US government into cutting budget deficits. This time around, the task is harder, regardless of how high bond yields climb.
The bond vigilantes who reigned supreme three decades ago, punishing Washington for running up yawning budget deficits by dumping US government bonds, are once again flexing their financial muscles.
Loading...
Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com
