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Wall Street’s ‘Bond Vigilantes’ Are at Battle as U.S. Debt Soars

Por: The New York Times Business December 18, 2023

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Typically, the esoteric inner workings of finance and the very public stakes of government spending are viewed as separate spheres.And bond trading is ordinarily a tidy arena driven by mechanical bets about where the economy and interest rates will be months or years from now.But those separations and that sense of order changed this year as a gargantuan, chaotic battle was waged by traders in the nearly $27 trillion Treasury bond market — the... + full article



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