Five Major US Creditors Want Their Money Back
SputnikNews.com
19.11.2015
Five major purchasers of US debt have been selling US government bonds in a sign of a global economic slowdown spurred by China, according to figures just released by the Federal Reserve Board in Washington.
The largest holder of US Treasuries, China shed $12.5 billion in American bonds in September with Japan selling a hefty $19.9 billion.
The Caribbean offshore companies dumped $7.2 billion, the OPEC countries — $1.9 billion and Brazil – $3.7 billion.
Russia slashed its holdings by a mere $0.8 billion to $89.1 billion after a seven-year record purchase of $21.4 billion in July and August.
In September Britain and India shed $8.9 billion and $2.1 billion in US bonds while the BRICS countries sold an equivalent of $18.9 billion.
These sell-offs were made up for by massive purchases by Ireland, Switzerland, Luxembourg, Singapore and a number of other creditors.
As a result, September saw foreign central banks buying 3 billion dollars’ worth of US Treasuries in the first such jump in five months bringing the total figure to just over $6.1 trillion.
Since January, large government purchasers of US debt have shed 115.3 billion dollars’ worth of US notes and bonds.
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