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

growth for this year to 2.3%.

And yet on Thursday, the bond market went ballistic.

The yield on the 30-year Treasury, the measure of investor confidence in America’s ability to pay back its $38 trillion national debt in the long term, skyrocketed to 5.17%, its highest level in 20 years. The yield on the benchmark 10-year Treasury, which determines both continue reading …