David Kelly and Torsten Slok reached the same conclusion from opposite directions: with DC unwilling to touch the deficit, the bond market is the bad cop.

U.S. debt has crossed $40 trillion, intensifying concerns about interest costs and long-term borrowing pressure. Devere Group CEO Nigel Green warns that

David Kelly and Torsten Slok reached the same conclusion from opposite directions: with DC unwilling to touch the deficit, the bond market is the bad cop.