Wednesday, October 19, 2011

China Stuffing 'Operation Twist' Down Ben Bernanke's Throat

Just news of Ben Bernanke's 'Operation Twist' was enough to get China and other Asian countries to start hitting the Treasury security market bid. China sold $36.5 billion in U.S. Treasuries to cut its holding to $1,137 billion in August. Other countries in Asia cut their holdings as well, including Hong Kong, Taiwan, and Singapore. But, there are news saps at the table, the U.K. and Switzerland increased their holdings by $40 billion each, while Japan increased its portfolio by $21.8 billion

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