⚠️🇺🇸#bonds #us #macro
Foreign holdings of US Treasuries = the lowest level in 19 years
Market participants are beginning to recognize that the true risk this time around lies not in the failure to reach a debt ceiling agreement, but rather in the escalating and concerning nature of the debt problem #debt #bubble
The issue is exacerbated due to a decline in the number of buyers of US Treasury securities: in the last three years, the responsibility of absorbing this debt fell on the Fed and US banks, but now both entities have withdrawn from that role
The current lack of demand is indeed a growing problem that may ultimately necessitate the intervention of the Fed as the buyer of last resort #qe
— Crescat
Foreign holdings of US Treasuries = the lowest level in 19 years
Market participants are beginning to recognize that the true risk this time around lies not in the failure to reach a debt ceiling agreement, but rather in the escalating and concerning nature of the debt problem #debt #bubble
The issue is exacerbated due to a decline in the number of buyers of US Treasury securities: in the last three years, the responsibility of absorbing this debt fell on the Fed and US banks, but now both entities have withdrawn from that role
The current lack of demand is indeed a growing problem that may ultimately necessitate the intervention of the Fed as the buyer of last resort #qe
— Crescat
✴️🇺🇸#bonds #crypto #stablecoin
Stablecoin issuer Circle (#USDC) has ditched all US Treasuries bonds from its reserve fund amid debt ceiling showdown
👉 USDC (Circle) reserves
—————————-
Goldman: US Treasury may sell up to $700B in T-bills to rebuild its coffers within 6-8 weeks of a debt deal. This could drain liquidity out of the markets, with all the resulting implications for the markets
Crescat: foreign investors, US banks, and even the Federal Reserve are not very keen on buying US government bonds
#debt #ceiling #us #tbills
Stablecoin issuer Circle (#USDC) has ditched all US Treasuries bonds from its reserve fund amid debt ceiling showdown
👉 USDC (Circle) reserves
—————————-
Goldman: US Treasury may sell up to $700B in T-bills to rebuild its coffers within 6-8 weeks of a debt deal. This could drain liquidity out of the markets, with all the resulting implications for the markets
Crescat: foreign investors, US banks, and even the Federal Reserve are not very keen on buying US government bonds
#debt #ceiling #us #tbills
✴️🇺🇸#dedollarization #USD #fx #crypto #us #macro #opinion
the real threat to the US dollar doesn't come from the new BRICS currencies, but from digital dollar-backed stablecoins and other tokenized cryptocurrencies. Crypto "dollars" won't collapse the global financial system, but they could disrupt the cozy greenback-based settlement system. A separate threat comes from Hong Kong-based cryptocurrency companies and exchanges with direct ties to the Chinese Communist Party (CCP), which has long sought to overthrow the US dollar.
#debt weakening of the dollar's dominance in global trade and finance will lead to an increase in the cost of funding the extensive US debt.
— FT
the real threat to the US dollar doesn't come from the new BRICS currencies, but from digital dollar-backed stablecoins and other tokenized cryptocurrencies. Crypto "dollars" won't collapse the global financial system, but they could disrupt the cozy greenback-based settlement system. A separate threat comes from Hong Kong-based cryptocurrency companies and exchanges with direct ties to the Chinese Communist Party (CCP), which has long sought to overthrow the US dollar.
#debt weakening of the dollar's dominance in global trade and finance will lead to an increase in the cost of funding the extensive US debt.
— FT
⚠️🇺🇸#debt #default #us
US debt will become unsustainable and trigger default in about 20 years if it doesn't change course — Penn Wharton
US debt will become unsustainable and trigger default in about 20 years if it doesn't change course — Penn Wharton
⚠️🇨🇳🇺🇸#bonds #us #china #debt
China is selling off US government debt at a record pace.
meanwhile, the volume of dollar assets in China's reserves has remained unchanged since 2015, amounting to approximately $2T — research
China is selling off US government debt at a record pace.
meanwhile, the volume of dollar assets in China's reserves has remained unchanged since 2015, amounting to approximately $2T — research