Top buyer of U.S. debt caught up in Iran sanctions case - thestreet.com
Top buyer of U.S. debt caught up in Iran sanctions case - thestreet.com
Source: thestreet.com
―
DW NOTE
Japan holds $1.1 trillion in U.S. Treasuries — more than any other foreign creditor. If Washington freezes or seizes those holdings over alleged sanctions breaches, it would confirm that U.S. debt isn't a reserve asset, it's a hostage. Bond markets price credit risk, but they rarely price the risk that the issuer unilaterally rewrites the deal.