America’s Biggest Creditors Dump Treasuries in Warning to Trump
- Japanese investors cull U.S. government debt by most since ’13
- Currency-hedged returns were worst on record last quarter
BAML's Moec Feels Treasuries Sell-Off Goes Beyond Trump
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In the age of Trump, America’s biggest foreign creditors are suddenly having second thoughts about financing the U.S. government.
In Japan, the largest holder of Treasuries, investors culled their stakes in December by the most in almost four years, the Ministry of Finance’s most recent figures show. What’s striking is the selling has persisted at a time when going abroad has rarely been so attractive. And it’s not just the Japanese. Across the world, foreigners are pulling back from U.S. debt like never before.