PRIVATE BLOG – May 7th Continues
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Sales of US Treasury Bonds Continue to Try to Stem Dollar Rise
China continues to sell US Treasury bonds trying to keep the dollar down to aid the Federal Reserve. Saudi Arabia, however, has been in a different position having to liquidate US Treasury holdings for they are is a serious financial crisis. September shows a modest sale of $46 billion dollars. Private investors sales were $7.9 billion dollars, while the net sales of foreign institutions amounted to $38.7 billion dollars, according to the US Department of Treasury announcement.
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