Foreign willingness to buy US treasuries has fallen in relative terms — from about 50% of treasuries sold to the global market around 2010 to roughly a third now — and combined with an investment boom and low US saving, this makes financing the deficit expensive, with average treasury yields having risen sharply.

factualpending

Speaker

Maurice Obstfeld

Evidence Quote

foreign uh willingness to buy treasuries is much lower um in relative terms than it was say in 2010.

Source

The changing dollar regime: An updatePeterson Institute for International Economics
Created: 6/18/2026, 1:57:48 PM

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