The top two holders of Treasury securities have been cutting back their holdings. In August, China and Japan respectively held $1.19 trillion and $1.14 trillion. China’s peaked at $1.32 trillion in November 2013 and Japan’s at $1.24 trillion a year … Continued
The two major U.S. presidential candidates share at least one common interest. Both talk about the need to increase infrastructure spending. Democrat Hillary Clinton has a five-year $275-billion program. Republican Donald Trump says he would spend at least twice as … Continued
Back in the middle of December, when the Fed hiked rates for the first time in nine years, the FOMC’s dot plot optimistically forecasted four quarter-point hikes this year. On December 16th – the day the FOMC statement came out … Continued
Back in early August, China engineered a fall in the yuan. Soon followed investor hand-wringing over whether or not it would be selling its Treasury holdings in order to stabilize the currency. The Chinese economy is slowing, and capital outflows … Continued
Since China devalued its currency on August 11, there has been a lot of speculation as to if it has been selling U.S. Treasuries in order to defend the yuan. With the economy having slowed down and the Shanghai Composite … Continued