4 ms·
No one is forced to buy US treasury bonds. And as soon as the Treasury issues new ones they always find buyers. There are a lot of finance managers sitting on b
by yardie 6y ago
No one is forced to buy US treasury bonds. And as soon as the Treasury issues new ones they always find buyers. There are a lot of finance managers sitting on billion dollar funds. They have instructions to invest it. It's a sure investment because tax payers always pay their debts.
Other countries, specifically China, have been trying for years to come up with an equivalent. They see it as an alternative to the instability of the US dollar. Problem is the dollar has been stable and the alternative provides almost no advantage to other countries who aren't China, or US embargoed.