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mk · 4344 days ago · link · · parent · post: Sovereign debt and sovereign currency, or, why there is no American public debt crisis
I'm curious as to whether or not Japan's EFFR graph looks similar. What I wonder about is the influence do to the fact that US T-Bonds are in competition with other sovereign bonds, or even commodities, or other investment vehicles. That seems to be a point where the Fed's will might have a limit. Risk-free is a huge positive, but when there are far greater returns to be had, the demand will have to fall.