Unloved, but unbroken — the US bond market is working as it should: McGeever

By Jamie McGeeverWith U.S. debt crossing $40 trillion, the budget deficit hitting 6% of GDP — a record for a non-crisis period — and the 10-year Treasury yield TVC:US10Y approaching 5%, the U.S. bond market narrative is overwhelmingly negative. It shouldn't be.While these numbers are undeniably lar…