Foreign investors are getting sick of U.S. treasury bonds.
The Treasury Department reported that that purchases of stocks, notes and bonds by foreigners fell to $11.2 billion in April from $55.4 billion in March. That’s a HUGE drop.
Not only are they curtailing new purchases, foreigners are dumping their existing holdings of U.S. bonds too. China reduced their holdings of U.S. bonds from $767 million in March to $763.5 billion in April.
Japan, the second largest holder of Treasury securities, chopped their holdings from $686 billion to $685 billion in March.
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By China & Japan dumping their bonds who’s buying them? By China dropping Their holdings one billion I don’t see them hurting the markets much. jim