Russia Dumps US Treasuries As Rates Climb
As predicted, Russia has reduced its holdings of US Treasuries as US rates continue to rise.
But Russia is a relatively small player in the US Treasury market (unless they are using proxies like postage-stamp sized Luxembourg, Ireland or the Cayman Islands).
As The Federal Reserve SLOWLY unwinds its balance sheet, the Confounded Interest blog is surprised that Japan and China have not unloaded MORE of their Treasury holdings.
