As the rah-rah sharemarket crowd on Wall Street pushed the Dow Jones to yet another record high, there was plenty of simmering disquiet on bond desks as their more conservative brethren identified one major problem with the latest round of US tax cuts: How to pay for them all?
Philip Baker writes on markets specialising in bonds, equity markets and currencies. Based in our Sydney newsroom, Phil is a markets columnist. Connect with Philip on Twitter. Email Philip at pbaker@fairfaxmedia.com.au
