Many politicians talk about America’s large and growing federal debt, but they’ve taken little corrective action. We know that our political system responds to a crisis, but it would be very costly to Americans to wait for an acute fiscal crisis similar to the one currently facing Europe. Our leaders must act while the U.S. continues to enjoy the benefits of a strong Treasury market. Policy makers often ask how much time we have before markets lose confidence in Treasurys. No one knows for sure: It could be many years from now, but confidence could also fall rapidly.
The market flashes ‘caution’ on US Treasurys
Most Popular Articles
Latest Articles
Labor market report is good news for mortgage rates
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected, which is good news for mortgage rates.
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts
-
NAR settlement terms slated to go into effect in mid-August