Worst treasuries selloff since 1787 marks bond-vigilantes re...

Worst treasuries selloff since 1787 marks bond-vigilantes return: Carnage from the bond market—where the rout is worse than anything you’ll find in the history books—is spreading, and the implications are nasty. Massive deficits as far as the eye can see—the result of the Republican tax breaks & the Democratic-led investment in green energy—seemed fine when the Fed had interest rates pinned at zero and was buying tens of billions of dollars’ worth of Treasuries every week. Free money can mask a lot of problems. At today’s 5% rate, though, the math gets tricky.