China continues to sell US Treasury bonds trying to keep the dollar down to aid the Federal Reserve. Saudi Arabia, however, has been in a different position having to liquidate US Treasury holdings for they are is a serious financial crisis. September shows a modest sale of $46 billion dollars. Private investors sales were $7.9 billion dollars, while the net sales of foreign institutions amounted to $38.7 billion dollars, according to the US Department of Treasury announcement.
Sales of US Treasury Bonds Continue to Try to Stem Dollar Rise
Posted Nov 19, 2016 by Martin Armstrong |
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