Their debt is 230% of GDP the highest in the first world.
Bond yields have risen recently, despite this, they had the worst quarter bond sales since 1987.
They own $1.1 trillion of US debt.
Does it matter though? Just higher inflation.
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As an indicator, yes.
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But nothing has really changed. No bonds default, coupon payments made. Whats the issue? Only a small number are traded than held to maturity anyway?
They are an indicator, that is all.
