US Treasury Secretary Scott Bessent on Tuesday rejected the idea that European governments could aggressively sell American debt to counter Washington's threats over Greenland, saying such a move would "defy logic".But asked by reporters at the Davos World Economic Forum whether the US was preparing for such a scenario, Bessent said that it "defies any logic".
Is it plausible to assume that the US will no longer be able to sell its bonds? In the worst case scenario, it will raise interest rates by 0.1 percent. Or the Fed will step in, as it did in 2008 and 2021.