Over the last ten years, foreign buyers have come to have far less appetite for U.S. government debt, as the Wall Street Journal reported.
"U.S. issuance is way up, and foreign demand hasn't gone up," Brad Setser, senior fellow at the Council on Foreign Relations, told the WSJ. "And in some key categories—notably Japan and China—they don't seem likely to be net buyers going forward."
This is bad news for commercial real estate in two ways.
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