Showing posts with label corporate. Show all posts
Showing posts with label corporate. Show all posts
Thursday, August 28, 2014
Thursday, February 11, 2010
The Chinese dumping US bonds
The Chinese are finally doing what they've threatened to do for a while: not only are they not buying US corporate and Treasury bonds, they are now net sellers.
http://www.zerohedge.com/article/china-dumping-begins-reserve-managers-notified-any-non-usg-guaranteed-securities-must-be-div
http://www.zerohedge.com/article/china-dumping-begins-reserve-managers-notified-any-non-usg-guaranteed-securities-must-be-div
The China Securities Journal, a government-backed daily, accused the U.S. in a tough-worded front page editorial of playing the "exchange rate card."
It said that, just as China didn't interfere with Federal Reserve purchases of U.S. Treasuries, "the U.S. has no right to interfere in China's exchange rate policy."
"Whether or not to appreciate is our own business," the newspaper said.
"Whether it will appreciate, when and by how much is an integral part of China's monetary policy."
Labels:
agencies,
Chinese,
corporate,
US Treasury bonds
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