Monday, May 16, 2011

China dumps US Debt for 5th straight month

In addition to officially beginning to loot US pensions today, The US Tresaury released its Treasury International Capital (TIC) data for March 2011, and it's not the best of news.
Foreign holdings of dollar-denominated short-term U.S. securities, including U.S. Treasury bills and other custody liabilities, decreased $18.3 billion, and Foreign holdings of U.S. Treasury bills decreased $21.9 billion.
The key trend in US paper holdings continues to be China, whose total US debt holdings dropped for the 5th consecutive month in a row at $1144.9 billion, and the largest one month decline since November 2010.
-Zero Hedge