[phyalow]

Central banks will just buy them onto their balance sheets. Its already begun:

https://ftalphaville.ft.com/2020/04/30/1588254981000/How-sho...

https://www.afr.com/markets/debt-markets/why-the-rba-is-lend...

[nerbert]

This is really worrying. There is no central bank of central bank, so this really is the last lifeline. The system has been pushed to its limit.

[zhte415]

A central bank is the lender of last resort.

Bank of International Settlements is the central bank of central banks. https://en.wikipedia.org/wiki/Bank_for_International_Settlem...