finance

China is dumping U.S. treasuries and buying gold instead. Seems like a good strategy

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

building @alfaca @offmarket @perl | alum South Park Commons | previously cofounder SBLY.com, eng at Stripe | peter-kim.com

I hope this is not a harbinger of war in the South China Sea or Taiwan.

And next we will read that China is buying BTC.

I believe they are trying to become US free 😅

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.