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[–] 63 points 9 months ago* (8 children)

That is like, barely any.

Daily trading volume of US treasuries is ~900 billion (https://www.brookings.edu/articles/whats-going-on-in-the-us-treasury-market-and-why-does-it-matter/).

Thats 0.00002% of treasuries traded in a single day.

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  • [–] [S] 125 points 9 months ago* (last edited 9 months ago) (3 children)

    Its not much numerically, but this is the first time a foreign holder of bonds has publicly announced they no longer have faith in the credit of the United States.

    That is a big headline in the financial world. The entire international finance market is currently reassessing the stability of the US in a negative light. The only way out from here is down.

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  • [–] 22 points 9 months ago (1 child)

    Now if Japan decided to offload on the other hand...

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  • [–] 15 points 9 months ago

    When you hear reported [Japan] owns [$x.xx] in US Treasuries, that figure isn't a monolith. The Japanese government owns some, and Japanese corporations own some, and the Japanese people individually own some, and more. It would have to be a collective effort, and there would realistically need to be a financially sound alternative place for them to safely park their money

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  • [–] 3 points 9 months ago

    My thought exactly. But in adding to your contextual contribution:

    This is a really small and rather obscure pension fund for academics, which has a elitarian focus on being sustainable. Don't get me wrong, even if all Danish pension funds dumped all their US federal bonds in a day it wouldn't register in the price.

    We need to bring the Norwegian oil trust in on this.

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