FASTEST SELLOFF OF U.S. DEBT SINCE 1978

SOURCE: CNN

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.

READ MORE…

SHARE THIS ARTICLE…

LEAVE A REPLY

Please enter your comment!
Please enter your name here