I can see this. Gumpies couldn't pay the interest on Our debt, They have accrued with all the different countries, buying our worthless paper.....IMHO as always............
Rates shock: market now pricing only one Fed hike over next 3 years. As bond yields in Europe and Japan hit new historical lows this week, the US 10y yield fell to a 4-year low, just 20bps above its 2012 historical lows. This followed a weak payrolls report, Brexit uncertainty, the beginning of the ECB’s corporate bond buying program and a very dovish June FOMC meeting which significantly cut rate forecasts in the out years.
http://www.zerohedge.com/news/2016-06-18/renormalization-dead-market-pricing-just-one-rate-hike-over-next-3-years