alt Hacker News>3. They need revenue yesterday. Increases in borrowing rates means access to capital isn't what it was in the 10s
This is a huge problem, why is it like this
Replies
rayiner • yesterday at 10:34 PM
The 10s were totally fake due to ZIRP.
georgemcbay • yesterday at 10:13 PM
> why is it like this
In part it is like this because they've already borrowed so much.
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they've borrowed so much they're directly competing with national governments in capital markets.