Optimism in the bond market should scare us in the face of the debt ceiling debate, Greg Ip...

|By:, SA News Editor

Optimism in the bond market should scare us in the face of the debt ceiling debate, Greg Ip writes. If bond buyers were worried that America won’t repay the principal and interest, they’d demand higher interest rates as compensation. "What seems nonsensical makes perfect, and worrying, sense if you understand how this debate is likely to play out.”