Which central bank will be the first to lose control of the debt market?

The Fed has artificially suppressed the yield curve since 2008 to lower US borrowing costs for our ballooning national debt, and to tamp down precious metals prices by propping up the $USD. But if Japan – the #1 holder of US debt – is forced to dump T-bills to bolster the yen, that could force the Fed’s hand on rate hikes despite Warsh’s so-faux claims that inflation is “softening.”