THE ECONOMIST ON KEY STRUCTURAL CHANGES TO THE US TREASURY MARKET. IT CONCLUDES THAT:

THE ECONOMIST ON KEY STRUCTURAL CHANGES TO THE US TREASURY MARKET. IT CONCLUDES THAT: "THE RISK IS NOT SO MUCH, OR NOT CHIEFLY, THAT AMERICA MIGHT DEFAULT ON ITS DEBT. RATHER,...THE FEAR IS THAT THE TREASURY MARKET MIGHT GRADUALLY FORFEIT ITS STATUS AS THE GUIDING LIGHT OF GLOBAL FINANCE. THAT WOULD MAKE IT MORE EXPENSIVE FOR AMERICA’S GOVERNMENT TO BORROW. AND SINCE THERE IS NO GOOD ALTERNATIVE TO TREASURIES, IT WOULD MAKE THE ENTIRE GLOBAL FINANCIAL SYSTEM WOBBLIER AND RISKIER." #ECONOMY #MARK

Structural changes