The Defeat of the Euro Bond Vigilantes?
Posted on December 06, 2012 at 12:08 PM EST
Paul Krugman has written many blog posts downplaying the fears of a sudden increase in US government bond interest rates (what he calls the invisible bond vigilantes). Despite continuous warnings by some market commentators about the risk of high inflation and the possibility that investors start dumping US government bonds, interest rates on these bonds [...]