Foreign dollar bond issuance increasing
January 02, 2009 at 07:06 AM EST
[Skip to the end] Not a lot yet, but $65 billion is something and counts as USD deficit spending as they are presumably borrowing to spend. The Fed swap lines outstanding of something over $600 billion probably do not yet represent ‘borrowing to spend’ but there is no way to tell from current data. Both, however, can be [...]