Bond market rally overlooking debt problem

Over the next several weeks, governments from the United States, the United Kingdom and the eurozone will start flooding the market with bonds at a clip rarely seen before. — Reuters

NEW YORK: Right around the start of November, two words suddenly disappeared from the chatter in the bond market: debt supply.

As bond prices surged across the developed world day after day, sending yields tumbling and handing investors some much-needed profits, the angst about soaring budget deficits melted away.