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Bond bubble could burst with explosive impact

It remains early days for assessing Donald Trump’s economic plans, not least because of the difficulty in separating the serious policies from the wilder campaigning rhetoric, but the bond market seems clear on the central point: the president-elect intends to cut tax taxes, increase spending and deregulate.



Oliver Twist

Wall Street wary of 'hunger bonds'

The Venezuelan debt that Goldman Sachs bought last month may be known as “hunger bonds” to many in the international community, but they’re earning a different moniker on Wall Street: repudiation bonds.