Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> The US can try to renegotiate or not pay, but that's an overt signal to investors that the US is not reliable and will result in the 10-year Treasury bond rate soaring

The 10 year rate is not a force of nature. It is set at auction by investors who believe US t-bonds are a safer resting place than those of the economies that were destroyed by the nukes.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: