Friday, February 19, 2010

Jitters over China’s waning taste for T-bills

from Financial Times. 
If there is one thing that gets investors twitchy, it is the fear that China is losing its appetite for US government bonds.

securities thumbAs the biggest and most liquid pool of assets in the world, the US Treasury market lies at the heart of the global financial system and allows the American government to finance its trillion-dollar budget deficits. Until recently, China has been the largest foreign official holder of US debt.