China leads global U.S. debt dump

The largest owner of U.S. debt, China sold $18 billion of U.S. Treasury debt in December.

And it’s not alone. Japan sold even more: $22 billion. In the past year, Mexico, Turkey and Belgium have also lowered their holdings of U.S. debt, all of which have led to a record annual dump by central banks.

Many countries are suffering from the global economic slowdown, forcing central banks to pull out all the stops to help buttress their economies.

 

Read More: http://money.cnn.com/2016/02/17/news/economy/china-us-debt-dump-central-banks/index.html

 

Source: CNN ( 17 February 2016)

Leave a Reply

Your email address will not be published. Required fields are marked *