‘Gone in seconds’: Chinese buyers snap up government debt amid US bond turmoil - scmp.com
‘Gone in seconds’: Chinese buyers snap up government debt amid US bond turmoil - scmp.com
Source: scmp.com
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DW NOTE
Chinese buyers are absorbing US Treasuries while American institutions hesitate at 4.95% yields. That's what happens when your central bank holds $3.2 trillion in dollar reserves and has no alternative deep enough to deploy at scale. This isn't a vote of confidence in US fiscal policy — it's Beijing recycling export receipts into the only market that can handle the size. The real story is that even at 4.95%, US debt clears at any price because there is no substitute venue.