Obama’s Successor Inherits Bond Market at Epic Turning Point
- Tailwinds during his tenure now risk buffeting next president
- Nation’s interest costs, already highest since 2011, to rise
Greenspan: We've Never Seen a Bond Market Like This
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Barack Obama will go down in history as having sold more Treasuries and at lower interest rates than any U.S. president. He’s also leaving a debt burden that threatens to hamstring his successor.