Japan, China lead foreign government retreat from U.S. Treasurys as Gulf War fallout stokes currency fears
29d 12h ago by lemmy.world/u/MicroWave in economics from www.cnbc.com
KEY POINTS
China reduced its stash of Treasury to $652.3 billion, the lowest level since September 2008.
Japan, the single largest foreign holder, shed approximately $47 billion to $1.191 trillion.
The U.S.-Iran conflict and a subsequent surge in crude oil prices sent currencies tumbling.
China has been gradually reducing its direct Treasury exposure since its peak in 2013, “shadow holding” in custodial countries.
It was nice being the world's fiat which mitigated our inflation, FAFO.