Is the US bond market more scared of the government’s deficit than inflation itself?

As in 2024, with polls open for the midterm elections, the cost of living remains voters’ top priority. As for investors, their primary concern in the aftermath of the Federal Reserve’s first rate hike since 2023 isn’t inflation in particular. Rather, it’s the federal government’s deficit. It’s the classic good-news-bad-news dichotomy of the economy approaching […]

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