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Sovereign Debts are the Treasury Bonds. There is no chance in hell, it will have a lower rating. The debt will always be paid off, at the cost of higher yields
by ganeshkrishnan 2y ago
Sovereign Debts are the Treasury Bonds. There is no chance in hell, it will have a lower rating. The debt will always be paid off, at the cost of higher yields for the future. Its an extremely unpleasant situation but inflation and higher taxes are first in line before even any possibility of Treasuries defaulting.