http://www.bbc.com/news/business-35117405
Major global repercussions.
Anyone with an economics background know what's gonna happen? I really don't know who buys treasury bonds and why you would, considering interest rate you get elsewhere. Guess USA wants to incentivise saving, or now that everyone has a home loan, get them to pay more? I really don't see buying a house as a good option, especially in the age of volatile interest rates.