Wall Street is discussing a possible government bond crisis, not because one is imminent, but because Europe’s fiscal instability makes U.S. bonds seem safer by comparison. France and the U.K. are seen as the riskiest for a crisis, even though yields there remain relatively contained, and U.S. yields have declined despite deficit concerns. Investors are usually focused on the U.S. government bond market for two reasons: It’s the biggest, and the dollar is the world’s reserve currency. That scrutiny ha ...