🔥 Breaking: Foreign central banks are selling U.S. Treasuries at the fastest pace since 2012!

According to the Financial Times, since February 25, foreign official institutions have sharply reduced their holdings of Treasury bonds by $82 billion while in custody at the New York Fed, hitting a 12-year low.
Background: The Iran war has driven oil prices higher, and oil-importing countries are forced to sell U.S. Treasuries to support their currencies and intervene in the foreign exchange market. Just the Central Bank of Turkey sold $22 billion in foreign bonds.
As a result, U.S. Treasury yields have surged, and global borrowing costs are rising across the board.
#美债 # Global Central Banks #DeDollarization