The Real Reason The Red Ponzi May Dump US Treasuries---To Prop-Up Its Faltering House Of Cards

Yet the tensions rippling through global financial markets could still lead Beijing to reduce its stockpile in the $15.9 trillion Treasuries market -- not to retaliate, but to defend its currency if it goes into a free-fall. The offshore yuan has slumped 2.6% this month to about 6.92 per dollar as the trade standoff intensified, reaching the weakest since December.

 

 

 

 

 

https://www.bloomberg.com/news/articles/2019-05-14/trade-war-may-yet-spur-china-to-sell-treasuries-as-yuan-sinks

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