The U.S. Department of the Treasury released the Treasury International Capital (TIC) report, showing that Japan decreased its holdings of U.S. Treasury bonds by $37.5 billion, ending a six-month streak of increases.
Belgium, ranking seventh in total holdings, reduced its U.S. bond holdings by $4.7 billion to $312 billion. Other than these countries a good friend of the United States, Saudi Arabia, ranking 17th in total holdings, reduced its U.S. bond holdings by $0.5 billion to $135.4 billion in April. Now Japan's Norinchukin Bank is planning to sell more than $63 billion of its holdings of U.S. and European government bonds during the year ending March 2025.
How the selling of US treasuries by foreign countries will affect the US economy? How big a problem this is, for the US treasury and the United States?
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Narrated and produced by Mohit
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