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Did Russia liquidate their Treasurys or just move them offshore? The Kremlin may be trying to pull off a balancing act by mostly shifting its cache offshore, r
by panarky 8y ago
Did Russia liquidate their Treasurys or just move them offshore?
The Kremlin may be trying to pull off a balancing act by mostly shifting its cache offshore, rather than selling outright.
Analysts at the Council of Foreign Relations this week found that holdings of American bonds in Belgium and the Cayman Islands increased by about $45 billion in the same period that Russia was reducing its U.S.-based hoard, meaning it may have been an attempt to protect against seizure.
https://www.bloomberg.com/news/articles/2018-08-15/russian-game-of-cat-and-mouse-with-u-s-puts-debt-cache-in-doubt https://www.bloomberg.com/news/articles/2018-08-15/russian-g...
- divbyzer0 8y agoThere was a previous sell-off 2015, the buyer was almost exclusively Belgium. I had assumed (without evidence) it was the US. A plunge protection team of sorts. ZH suggest the buyer was China. https://www.zerohedge.com/news/2015-05-18/revealing-identity-mystery-belgian-buyer-us-treasurys https://www.zerohedge.com/news/2015-05-18/revealing-identity...