Where is the demand for treasuries coming from?
I am wondering just who is buying these treasuries. Anyone out there have any thoughts on this?
Robust demand at an auction for Treasury debt also eased fears that the government would have to pay higher interest rates to entice buyers. Higher rates on long-term bonds would also drive up borrowing costs for consumers buying cars and homes, which in turn could endanger an economic recovery.
My guess is our own Govt hiting the print key.
Foreign countries that already own our debt cannot stop acquiring it for fear that we might default. We are all in this together, globally.