The immediate impact of investors (including Central Banks) selling off US Treasury Bills (US public Debt), often to fund state expenditure in light of increased energy costs, are of little political importance (they're being bought by other investors), but does confirm a continuing global shift from US public debt as a safe asset.

Fewer buyers for TBills will eventually raise the US cost of borrowing, which may have long(er) term negative effects for the USA.

#PublicDebt #USPolitics
h/t FT