ING Flags Deep Shift As China, India And Brazil Reduce Billions Of U.S. Treasury Holdings In A Single Month.
Banking behemoth ING has warned that BRICS nations are continuing to reduce their exposure to the U.S. Treasury market, after data showed China, India and Brazil collectively sold $28.8 billion worth of U.S. Treasury holdings in a single month.
In a research note published this week, ING pointed to U.S. Treasury International Capital data for October showing a further decline in Treasury holdings among key BRICS economies.
China reduced its holdings by $11.8 billion, India by $12 billion and Brazil by $5 billion over the period, highlighting what the bank described as an ongoing, gradual retreat from U.S. government debt among the bloc.
ING cautioned that Treasury flow data is inherently volatile and should not be interpreted as evidence of an abrupt or disorderly exit from U.S. assets.#TrendingTopic #TRUMP #usa #BRICS #BTC $BTC
