re: It's Official - The Federal Reserve Raises Rate 1/4 Point (Discussion Thread)

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So you're saying that a foreign nation can not own US debt?

And I'm in the field but that's all I prefer to say.

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Of course foreign governments can buy U.S government securities. The Chinese government (through its central bank) is the largest holder of U.S. debt outside the United States.

But that does not mean what you've been saying....that Germany will issue Bunds and use the proceeds to arbitrage into U.S. government debt.

The ECB would have strong objections against any of its members bypassing its issues thus short circuiting its monetary policy process. There may even be an ECB rule forebidding it.

Of course, since you're "in the field" I'm sure you already know that....