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The $40 trillion national debt and the bond market’s revolt: top Wall Street strategists explain how we got into this mess

Posted on August 26, 2026
By Fortune
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1 min read

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The $40 trillion national debt and the bond market’s revolt: top Wall Street strategists explain how we got into this mess

David Kelly and Torsten Slok reached the same conclusion from opposite directions: with DC unwilling to touch the deficit, the bond market is the bad cop.