Japan and China Dump US Treasuries Before Trump’s Victory
- Investors from Japan offloaded record amount of US bonds in 3Q
- Both nations may continue to sell US debt: AT Global Markets
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Two of the world’s biggest foreign holders of US government debt offloaded a pile of Treasuries in the third quarter as they rallied before the presidential election.
Japanese investors sold a record $61.9 billion of the securities in the three months ended Sept. 30, data from the US Department of the Treasury showed on Monday. Funds in China offloaded $51.3 billion during the same period, the second biggest sum on record.