Foreigners Like U.S. Debt as Much as They Ever Have

There is no shortage of the threats that could push interest rates even higher from here, from the rapidly expanding U.S. budget deficit to the Federal Reserve's hawkish leanings to even the European Central Bank's plan to start tapering its bond purchases by the end of the year. Also, some would argue that the economy is doing well enough to provoke at least a bit more inflation. And then there's the crowd that says foreigners are shying away from U.S. debt....(read more)

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