Inferring investor beliefs from market reactions is always tricky. Bond buyers might be less willing to buy treasuries because they feel the risk of default is higher (e.g. no longer negligible), but that is far from being the only possible reason.
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Inferring investor beliefs from market reactions is always tricky. Bond buyers might be less willing to buy treasuries because they feel the risk of default is higher (e.g. no longer negligible), but that is far from being the only possible reason.