China cut its US bond holdings to the lowest since 2009, reinforcing that the Asian trade recycling scheme is over. After a brief uptick in safety demand during the stock market panic, I expect bonds to fall (rates to rise) until hyperinflationary crisis.
China cut its US bond holdings to the lowest since 2009, reinforcing that the Asian trade recycling scheme is over. After a brief uptick in safety demand during the stock market panic, I expect bonds to fall (rates to rise) until hyperinflationary crisis.
https://finance.yahoo.com/news/china-pushing-ahead-dedollarization-hoarding-001152809.html