Yankee Certificate Of Deposit

Finance allah shmoop what is a yankee bond We're safe

We're sound we're saying at least that's how we look

financially when you know the u s has compared with

most of the rest of the world that's why a

bunch of countries issue their own bonds denominated in u

s dollars you know countries like panama el salvador micronesia

and macron asia Well ours is ah hard currency and

that we don't or at least haven't historically created massive

ten percent a month inflation to deflate the value of

our own currency and well that would make it super

easy for our government to pay off its ludicrously high

death but we don't do that We respect the people

who loaned money to us including our own citizens So

we have a hard currency It just kind of stays

where it is Yes there's inflation Yes we raise the

rates a little bit here and there defended but generally

just kind of does its thing So we fight hard

to keep that trust that the rest of the world

often values more than well trust in their own governments

or at least their own government's ability to manage their

currency when they issue say argentinean bonds payable in u

s dollars Well then that's a yankee bond And we 00:01:14.819 --> [endTime] are the banker And well they are the yankee