Russia Dumps Record 20% Of Its Total US Treasurys Holdings – China Reduces Treasurys Holdings To January 2013 Levels

Putin chess

Russia Dumps Most US Paper Ever As China Reduces Treasurys Holdings To January 2013 Levels (ZeroHedge, Feb 18, 2015):

Back in December, Socgen spread a rumor that Russia has begun selling its gold. Subsequent IMF data showed that not only was this not correct, Russia in fact added to its gold holdings. But there was one thing it was selling: some $22 billion in US Treasurys, a record 20% of its total holdings, bringing its US paper inventory to just $86 billion in December – the lowest since June 2008.

Russian Holdings Of US Treasuries

It wasn’t just Russia: the country that has ever more frequently been said to be in the same camp as Russia – and against the US – namely China, also sold another $6 billion in Treasurys in the last month of 2014, which would have made its US treasury holdings equal with those of Japan, if only Tokyo hadn’t also sold over $10 billion in the same month.

China vs Japan Dec holdings

And while we know that Russia used at least some of the proceeds to buy gold, the bigger question is: just what is China buying with all these stealthy USD-denominated liquidations, and how much gold does the PBOC really have as of this moment.

3 thoughts on “Russia Dumps Record 20% Of Its Total US Treasurys Holdings – China Reduces Treasurys Holdings To January 2013 Levels

  1. China and Russia are two key members of BRICS, and Russia has been buying gold for quite a while…..about China, who knows? Perhaps more weapons. Japan is sinking like a stone, I am surprised it has any foreign debt left………I think it is hurting, thanks to Fukushima, almost as badly as all of those who have died forgotten and hidden cleaning the ongoing mess there. How can one clean up an ongoing flood? Doesn’t it have to be stopped first? I have no sympathy for Japan’s government, or the people who allow such genocide to continue.

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