EconomyCan the US Defy Fiscal Gravity?

DWS’s David Bianco says long-term Treasury yields and real rates have reached some of their highest levels in nearly 25 years, but argues inflation is not the main cause. He points instead to deficits above 6% of GDP, a rising debt-to-GDP ratio and the need to rely more on domestic funding as foreign demand becomes less dependable. The dollar still benefits from its safe-haven status.