How the U.S. racked up $14 trillion in debt

A fascinating set of graphic debt data, courtesy of the New York Times.

Meanwhile, amidst all the scare talk of a bond rate crisis, has anyone noticed that the bond market is rallying mightily today? As of 4 pm, the 10-year yield was down to 2.79 percent, an interest rate last seen in December and among the lowest since JFK was President. Here’s a picture to put 2.79 percent in historical context.