Maybe.

But how much would it have really affected?

1%? 40%?

Doubtful it was a large percentage of the potential trades.

Establishment needs some sort of excuse to cover for the fact that massive debt means that bond buyers will require higher interest rates.

It is a VERY bad signal of what is to come. So, they need to have an excuse.

Maybe.

But how much would it have really affected?

1%? 40%?

Doubtful it was a large percentage of the potential trades.