China has reduced its direct bids for U.S. Treasuries as it modestly shifts reserves away from the dollar and toward agency debt, Brad Setser says. Dollar assets are about 55% of formal reserves, though the bigger change is that China is no longer adding to them.
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China has reduced its direct bids for U.S. Treasuries as it modestly shifts reserves away from the dollar and toward agency debt, Brad Setser says. Dollar assets are about 55% of formal reserves, though the bigger change is that China is no longer adding to th
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Took $1.20 profit on the remaining Puts on the Strangle - holding the Calls now
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