As predicted, Russia has reduced its holdings of US Treasuries as US rates continue to rise.
But Russia is a relatively small player in the US Treasury market (unless they are using proxies like postage-stamp sized Luxembourg, Ireland or the Cayman Islands).
As The Federal Reserve SLOWLY unwinds its balance sheet, I am surprised that Japan and China have not unloaded MORE of their Treasury holdings.
Here is Vlad Putin singing “From Russia With Love.”
Support 100% ad-free Biiwii.com by making a donation of your choice!
Or better yet, subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas to get even more bang for your buck. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.