WHAT IS HAPPENING ?
Foreign entities are selling US bonds like CRAZY!
The dollar trust crisis is showing up in the data.
China just dumped another $41B in US Treasuries in March, cutting holdings to $652B.
Down 50% from the 2013 peak.
Turkey went nuclear, liquidating 89% of its position in a single month, from $15.7B to $1.8B.
All to defend the collapsing lira during the Iran war.
Meanwhile the PBOC extended its gold-buying streak to 17 consecutive months.
The signal is loud: foreign holders are quietly rotating out of US debt and into hard assets.
Foreign entities are selling US bonds like CRAZY!
The dollar trust crisis is showing up in the data.
China just dumped another $41B in US Treasuries in March, cutting holdings to $652B.
Down 50% from the 2013 peak.
Turkey went nuclear, liquidating 89% of its position in a single month, from $15.7B to $1.8B.
All to defend the collapsing lira during the Iran war.
Meanwhile the PBOC extended its gold-buying streak to 17 consecutive months.
The signal is loud: foreign holders are quietly rotating out of US debt and into hard assets.