Published Classic Journal of International Money and Finance Published Jul 2019Home country interest rates and international investment in U.S. bondsJohn Ammer · Stijn Claessens · Alexandra Tabova · Caleb WroblewskiWhen the sovereign yield in an investor's own country falls, that country's private investors hold more U.S. bonds and tilt the mix toward riskier corporate debt rather than Treasuries. Across 31 …