There’s no free lunch for U.S. treasury bonds

04/06/2009 § Leave a comment

 

Washington needs to make clear its resolve to protect the due interest of foreign creditors if it wants China and other countries to continue infusing much-needed funds through purchase of US bonds. US policymakers must understand that they cannot have it both ways – pressing China to revalue its currency while selling the country more US bonds that are bound to depreciate when the Chinese currency becomes stronger.

There’s no free lunch for U.S. treasury bonds_English_Xinhua

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