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Our Perspective Chinese Reserve Managers Notified That Any Non-USG Guaranteed Securities Must Be Divested (ZH)
Our Perspective Chinese Reserve Managers Notified That Any Non-USG Guaranteed Securities Must Be Divested (ZH)
| Chinese Reserve Managers Notified That Any Non-USG Guaranteed Securities Must Be Divested (ZH) |
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| Written by Steve Meyers |
| Tuesday, 09 February 2010 22:43 |
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It appears that this time China's posturing is for real. Following up on our earlier post that Chinese military officials want to "punish" America by selling Treasuries, Asia Times Online is reporting that an explicit directive by the Chinese government has notified reserve managers to sell all risky US assets, including asset backed and corporates, and just hold on to explicitly guaranteed Treasuries and Agency debt. And from following TIC data we know that China's enthusiasm for MBS/Agencies over the past year has been matched solely by that of one Bill Gross. READ MORE           |
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