The inevitable mathematics of sovereign debt - OMFIF
The inevitable mathematics of sovereign debt - OMFIF
Source: OMFIF
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DW NOTE
OMFIF writes about sovereign debt mathematics the week the 10-year yield hit 5.28% and the US deficit is running $1.4 trillion through June — up 3% year-on-year with three months still to report. The mathematics stopped being theoretical when debt service became the second-largest line item in the federal budget and bond vigilantes remembered they exist.