Some emerging markets, European countries, and Russia will be raising their interest rates in 2021. The biggest market mover will be China's rate hike but China has shown no such indication yet except that it is conducting monetary tightening now. All these rate hikes run counter to the US monetary policy of maintaining US rates till 2023.
After getting the US$1.9T stimulus bill passed, Biden will continue to pile up the US debts by proposing an infrastructure bill and a green energy bill that will cost trillions. Therefore, the US has to offer much higher interest rates for these trillion dollars propaganda since foreigners are losing their interests in US debts.
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