alt Hacker NewsJapan holds a huge amount of US treasuries, and I guess was considering a mass sell off to raise cash to defend the Yen.
US treasury bond yields are already dangerously high for the US and Japan selling treasuries would push yields up even higher, and could trigger more panic selling from others.
I guess this is Bessent's scheme to try and kick that can down the road.
Replies
blitzar • today at 1:21 PM
> kick that can down the road
With two left feet and a couple of swings and misses, the can isnt in much danger.
Japan has to sell off its bonds to get dollars to buy oil with since oil is so expensive. I wonder why that happened.