I’m not sure I follow the question: when you buy a bond, you’re lending money to the issuer, increasing its debt. There’s no shortage of buyers for government

I’m not sure I follow the question: when you buy a bond, you’re lending money to the issuer, increasing its debt. There’s no shortage of buyers for government securities, anyway. In yesterday’s auction of 28-day U.S. Treasury bills [1], for example, the bid-to-cover ratio was 2.75, meaning that the total of the bids was 2.75 times the face amount of the securities actually sold, and the highest interest rate the government had to agree to pay, to borrow as much as it wanted in that auction, was only 0.091%. [1] https://www.treasurydirect.gov/instit/annceresult/press/preanre/2020/R_20200521_1.pdf https://www.treasurydirect.gov/instit/annceresult/press/prea...