Treasuries Have Become Badly Unappetizing for Foreign Central Banks & Governments
But opaque foreign financial centers pile on Treasuries, often held by US companies and hedge funds.
Source: Wolf Street
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DW NOTE
Foreign central banks hold $4.2 trillion fewer Treasuries than their 2014 peak — not because they found better collateral, but because Washington paired 6% deficits with a foreign policy that teaches creditors to diversify. When you close the Strait of Hormuz twice in one year and raise rates into a supply shock, sovereign buyers notice.