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Main » 2016 » May » 18 » Central banks are selling US debt at a record pace
Central banks are selling US debt at a record pace



In an attempt to soften the blow against the backdrop of global recession, China, Russia and Brazil are selling US Treasury bonds. In March of each of these three countries it has sold at least $ 1 billion of government bonds United States.



In general, central banks around the world have sold US debt totaling $ 17 billion. Recall that in January sales reached a record $ 57 billion. Since the beginning of the year, the figure is $ 123 billion. According to the Ministry of Finance data, this maximum rate of US debt sales worldwide central banks since 1978. Despite the fact that government bonds of the United States are considered to be among the safest assets in the world, some experts argue that the current trend is caused panic amid uncertainty about the global economic outlook.See also:  

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"The main factor is the fear, - says Ihab Saliba, head of fixed-income financial services company Federated Investors. - Investors still fear another financial crisis. " Another reason for the active sales is the desire of governments to keep their national currency afloat. As a result of the sale of US government debt, central banks receive funds that can be spent on the purchase of the local currency in order to prevent the fall of its value.


The leader of the "race" - China.

In the period from December to February, the People's Bank of China spent $ 236 billion of its reserves to maintain a stable exchange rate of the yuan. In March, China sold $ 3.5 billion of US bonds, the data show.Experts say that due to lower risks for the global economy in recent years, the pace of sales may slow down. In any case, the demand for US Treasury bonds remains high. The yield on 10-year government bonds is only 1.76%.



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