Anxious bond market sends troubling message to investors: There’s no easy fix for U.S. debt

An anxious bond market resumed a serious sell-off, warning investors there is no easy fix for the U.S. national debt. A Treasury buyback plan only steadied markets briefly.

Investors have been uneasy about the scale of federal borrowing. A bond-market rout has repeatedly restarted despite attempts to calm it.

Higher government borrowing costs ripple through the wider economy. Prolonged bond-market stress points to tougher fiscal conditions ahead.