"Whilst European's can't just dump U.S Treasuries at the flick of a switch, its not like the U.S administration holds all of the cards either."
Doc. fellow Alex Dryden wrote for @theconversation.com on the US depending on global bond markets.
theconversation.com/who-really-h...
theconversation.com
Who really holds the cards: Trump or the bond market?
The US depends heavily on global bond markets to fund its public spending.