It would be interesting to see a country like the US buy so many bonds of another country that it effectively owns the other country in the end. A nice capitalist way to expand your country.
Government Bonds are not like equity. You could own every single Treasury Bond and still not have any claim of ownership. Obviously governments still try to appease the bond markets but that is not due to obligation, it is self interest.
How so? China owns ~10% of US treasury bonds, which makes them the largest single holder of Treasury Bonds. This does not mean they bought anything other than a promise for repayment at a stated rate.
