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Alex DrydenThe Conversation |
While Africa and Latin America have dominated these deals, Asia has lagged behind with just 13% of total global ‘debt-for-nature’ swaps.
The US depends heavily on global bond markets to fund its public spending.
Chancellors don’t want to spook investors.
The sector has so far proved itself resilient to external economic forces.
Trump clearly resents the jibe – and if it encourages him to double down on bad decisions the economic results could be serious.
It could be a sign that investors no longer see US Treasuries as a safe bet.