Don’t believe the hype…

Author: Jamie Coleman | Category: News

I guarantee there will be screaming headlines tomorrow: “China dumping treasuries!”

My reply: Nonsense.

China buys boat loads of Treasuries through London so that they don’t show up in US custody holdings. They’ve been doing it for years.

On the other hand, if the data is true, than China is a paper tiger, because the 10-year note is still within spitting distance of the all-time low yield…


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