mo4ch:>Countdown to zero: Russia continues dumping US debt | Mo4ch News
Foreign investors have accelerated the reduction of US debt securities, selling $21.7 billion of their holdings in March, according to data released on Wednesday by the US Treasury Department.Russia, which is no longer a leading creditor of the US, after an unprecedented dumping of the US Treasury bonds in April and May, has slashed its stockpile by almost $800 million in March to $13.716 billion.Also on rt.comChina’s nuclear option of dumping US bonds would cause absolute chaos in global markets – expertRussia has cut 85 percent of its US Treasury holdings from $96.9 billion in January 2018. The drop is even more significant from 2012, when Russia held over $170 billion in US debt bonds.The largest US creditor China sold $20.45 billion in Treasuries in March, the most since October 2016, following $1.08 billion in purchases the month before.READ MORE: Phasing out the dollar: Russia significantly increases ruble share in export settlements with BRICS“The decline this month brings Chin…