Isn't it interesting that long-term rates are climbing, despite the stock market selloff.
Usually investors pivot from stocks into "safe" assets like US bonds when markets tank, causing rates to drop.
Not this time though. China appears to be selling their US debt.
Will they continue selling their treasuries in retaliation to the tariffs?
What will they buy with their dollars? 🍿
D-$-ization continues. Selling Treasuries gets China more USD, but that USD can B exchanged 4 currencies from BRICS+ nations.
Another use of USD is D purchase of farmland in California since Gov. Newsome acts like CA is a sovereign nation.