Individual investors may not get as excited about e-bonds as they have about shares because, unlike some share prices, bond prices rarely double in 12 months.
Over the past two decades, emerging market countries and companies have increasingly looked to the private capital markets (i.e. the issuing of stocks and bonds) for larger-scale funding and away from their traditional reliance on syndicated commercial bank loans and Western government financing vehicles.
Next steps could include tax cuts financed by Federal Reserve purchases of more Treasury bonds, or a maximum yield cap on the 10-year Treasury (e.g, during and after WWII).