Bloomberg News: US Treasury Debt Dynamics 'Very Unfavorable,' IMF Official Says
Article by Rich Miller in Bloomberg News
The forces underlying the Treasury debt market are extremely adverse as the US is on an unsustainable fiscal path, a senior International Monetary Fund official said.
“US deficits are elevated, and they’re projected to be persistent,” said Vitor Gaspar, director of the IMF’s Fiscal Affairs Department. “Under unchanged policies, debt dynamics in the US are very unfavorable.”
Yields on Treasury securities have surged in recent weeks to the highest in more than ......