主题：【菜鸟嘎嘎叫】美国能不能把中国买的债券给抹了呀? -- 混天球

And the moment, US federal government bond is synonymous to risk free investment. The federal government can borrow money at low interest rate without paying the risk premium. If US defaults on the bonds held by China, the financial market will demand higher yields to compensate default risk. In the near future, I don't think the budget deficit will fall quickly. US government will continue to rely on the financial market to finance it spending. Any default will be counterproductive.