Addressing Washington in the Financial Times recently, columnist John Plender asked a question just as relevant in Dublin. More specifically, a question relevant to those in Treasury Dock tasked with the soft science of managing our national debt: “Bond vigilantism is resurgent in the market for sovereign debt. That emerged with remorseless clarity from the brutal sell-off of UK gilts that toppled hapless British prime minister Liz Truss. Could the fiscal disciplinarians of the global investment community now turn their disruptive talents to the US Treasury market?” From our position of relative fiscal strength, such concerns might seem overdone. Better…

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