Why the bond market is going ballistic (and no, it’s not just Iran)

increases can no longer be papered over. Entitlement outlays are up 7% over the past year, including a 10% increase in Medicaid spending, and bond investors will not ignore the deterioration.

You can easily blame Iran for the hike in gas prices, and Trump’s equivocation over the war surely hasn’t instilled confidence in markets that the administration continue reading …