RBS: The Debt Timebomb Is Ticking And Must Be Defused

RBS Research today put out its 2010 Top Themes and Trades report... Inside, there's a great writeup about the bank's outlook on the Federal Reserve, Treasuries, and private credit... "Most open to challenge is the idea that supply drives bond yields higher next year. The US budget deficit could perhaps hit USD1.6 trillion, in FY 2010, even worse than consensus expectations as tax receipts lag income growth in the early stages of a recovery, spending rises as more of the stimulus package kicks in, and the Fed is done buying (Treasuries at least)..." Business Insider: RBS: The Debt Timebomb Is Ticking And Must Be Defused