Long Live the Dollar

Published on July 8, 2024 by Premium

U.S. Treasury data indicates there is very strong foreign demand for Treasury securities despite perceived concerns of sanctions and the unsustainable fiscal trajectory. Foreign Treasury holdings data are difficult to parse because they fluctuate in part due to changes in market valuation, but the a new dataset containing net transactions provides a clear read on foreign demand. Foreign investors over the past year purchased $700b in longer dated Treasuries, an amount that is close to […]

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