Why China Is Retreating Further From US Treasuries
It’s the biggest pile of debt in the world — the $30 trillion US Treasuries market. It’s been built with the help of foreign central banks and investors, who have...
By Tian Chen · Bloomberg Markets
It’s the biggest pile of debt in the world — the $30 trillion US Treasuries market. It’s been built with the help of foreign central banks and investors, who have clamored to buy US government bonds through good times and bad. But what happens if their appetite wanes?