So if dollar dominance is the pitch, what's actually backing the yield on these things, Treasury rates, or are they just going to print incentives and call it a day?
Treasury backing sounds clean until the debt ceiling circus starts again and everyone scrambles for the exit at once.
So if dollar dominance is the pitch, what's actually backing the yield on these things, Treasury rates, or are they just going to print incentives and call it a day?
Treasury backing sounds clean until the debt ceiling circus starts again and everyone scrambles for the exit at once.