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I've been wondering, too. Best explanation is future inflation expectations (cuz these countries are heavily exposed to oil prices -> general prices up -> higher price level means lower real value of debt -> sell off)
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I've been wondering, too. Best explanation is future inflation expectations (cuz these countries are heavily exposed to oil prices -> general prices up -> higher price level means lower real value of debt -> sell off)
My economics education continues: what are the theories about why a war in Iran (which will presumably bring higher energy prices) cause a debt sell-off? For the people selling BIFs bonds, what are they buying instead?