Still, Greenspan said the reason such a withdrawal was unlikely was that China would not have anyone to sell the securities to, hardly the sort of comfort jittery bond investors were seeking.
here’s an interesting point: if no one is buying, why are rates going up anyway? that is, if you were trying to sell, no one was buying, you offer a higher yield (by discounting appropriately), would that also drive up the current yield?
who sets the yield, anyway? it had to start from somewhere… and do “they” still have influence? the fed, in particular…
