One of the more prescient bond bulls of recent years, Lacy Hunt is unconcerned about a U.S....

|By:, SA News Editor

One of the more prescient bond bulls of recent years, Lacy Hunt is unconcerned about a U.S. ratings downgrade, saying the economy is too weak to withstand any prolonged increase in interest rates. Long-term, the biggest risk to Treasuries is sharply higher rates causing a "death spiral" in government borrowing costs, but that's not today's worry.