China, Russia and Brazil sold off U.S. Treasury bonds as they tried
to soften the blow of the global economic slowdown. They each sold off
at least $1 billion in U.S. Treasury bonds in March.
In all, central banks sold a net $17 billion. Sales had hit a record $57 billion in January.
So far this year, the global bank debt dump has reached $123 billion.
It's the fastest pace for a U.S. debt selloff by global central banks since at least 1978, according to Treasury Department data published Monday afternoon.
http://money.cnn.com/2016/05/16/news/economy/us-debt-dump-treasury/
So far this year, the global bank debt dump has reached $123 billion.
It's the fastest pace for a U.S. debt selloff by global central banks since at least 1978, according to Treasury Department data published Monday afternoon.
http://money.cnn.com/2016/05/16/news/economy/us-debt-dump-treasury/
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