The world's largest pension fund (in Japan) announced in the last 24 hours that it is selling over 34% of its US Treasuries.
World's biggest pension fund makes record cut to U.S. bond weighting https://www.japantimes.co.jp/news/202...
Maybe this is why the Fed announced last week that it is setting up a permanent repo facility (pawn shop) for foreign central banks?
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Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.com.