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Giuliano Giacaglia
@giu
China is dumping U.S. treasuries and buying gold instead. Seems like a good strategy
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Amol
@0xamol
not necessarily due to rate hikes since 2022, the market value of their Tsy holdings has been going down. Higher yield = lower price = discount to par so it becomes a lot more complicated to know whether they are actually selling T's or not or whether their MtoM P&L is just going down.
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