Foreigners now not have an insatiable urge for food for U.S. authorities debt. That’s unhealthy information for Washington.
The U.S. Treasury market is within the midst of main provide and demand modifications. The Federal Reserve is shedding its portfolio at a price of about $60 billion a month. Abroad patrons who have been as soon as essential sources of demand—China and Japan specifically—have turn out to be much less dependable recently.
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