Well, in that case, why has the price held up so well? Why is the Treasury able to sell them at low interest rates? Who are the buyers now?
Who are the buyers now? We are! The Printing press is running overtime.
That is why foreigners are quiting our bonds, they have to pay real money for them.
Buyers now are individuals, companies and countries willing to lose a bit of value in return for security. The security of an overwhelming military power.
Besides, there’s no growth to invest in. That will change, though in other countries before here in America
As other countries’ economies start growing- providing investment opportunities- we’re gonna be hurting awful.
They sell with their right hand and buy with their left hand.
Why is the Treasury able to sell them at low interest rates?
This was supposed to be the rock solid investment that just barely beats the inflation. However it's no longer fulfilling this role, and that's one of many reasons why investing into T-bills is unwise today. In essence you are going to lose money on that deal. Right now if you lend a $1,000 to the USA for a year you will be paid interest of $1. The official inflation meanwhile will cost you $16.30 over the same year. What kind of an investor you have to be to fund Comrade Obama's money giveaways?
Who are the buyers now?
Hard to tell - the Federal Reserve most likely. Some time ago I sold all the T-bills that I had and moved the money into something else.