Despite its AA+ credit rating, the US government now pays more to borrow than junk-rated nations after the Fed's multiple interest rate rises.
  • zerfuffle@lemmy.ml
    81·
    2 years ago

    Vietnam and Mexico could take advantage of the arbitrage opportunity (sell domestic bonds, buy US bonds), but clearly aren’t because they think there’s no edge?

    That’s… Pretty crazy. Doesn’t bode well for US inflation.