#NBER

Measuring the Fiscal Cliff: New Research Signals Rising Fears Over U.S. Debt Solvency

A startling new study from the National Bureau of Economic Research (NBER) indicates that bond investors and economists are becoming increasingly concerned about the risk of a U.S. debt crisis. The findings suggest that market participants are now pricing in higher solvency risks, potentially reshaping the future of the U.S. Treasury market.