bond vigilantes

Economist Craig Shapiro argues that the debt ceiling, a mechanism only used by the U.S. and Denmark, fails to curb excessive government spending and instead creates political theater every few years. What Happened: Shapiro, who is a macro strategist at the Bear Traps Report highlights the Federal...

After the long-term 30-year Treasury yield jumped over 5% intraday on Monday following Moody’s downgrade of the U.S. debt, this economist suggested that the Federal Reserve shouldn’t worry and let the bond vigilantes do the work. What Happened: Craig Shapiro, the macro strategist at...

Tapping into voters’ dissatisfaction with the economy, among other issues, Donald Trump won the popular vote in the presidential election on Tuesday night. Meanwhile, bond traders on Wall Street dubbed “bond vigilantes” remain worried about long-term economic prospects under a...