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The "adults in the room" are clueless. So maybe China is behind the rise in US long rates.

The relentless plunge in US Treasuries has left a trail of bewildered investors and analysts in its wake. Bond markets are often said to be the 'adults in the room'. Not this time. Here is an interesting piece asking if maybe China is behind the rise in US long rates:Growth in China is slowing for cyclical and structural reasonsChinese exports to the US are lowerAs a result, China has fewer dollars to recycle into TreasuriesIn fact, China has been selling $300 billion in Treasuries since 2021, a...
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Posted: Oct 4 2023, 00:13
Author Name: forexlive
Views: 082964