Bond Vigilantes Lose Their Sway Over Governments.

The article offers information on the 42nd U.S. President Bill Clinton's political adviser, James Carville would like to be reincarnated as the bond market. It mentions the term ‘bond vigilante' was coined in the 1980s for investors who punished governments by selling off sovereign debt and sending yields surging, forcing changes in policies or personnel; and also mentions with interest rates at rock bottom, bond yields are at historic lows and investors' ability to bully governments is waning.