Israel is selling USTs to support its currency, not buying USTs in a flight for safety.

Sharing is Caring!

Note that Israel is selling USTs to support its currency, not buying USTs in a flight for safety.

Foreigners in total own $7.6 trillion in USTs, against $13T in offshore USD-denominated debt.

The convexity of net effective UST supplies as USD rises remains very underestimated. https://t.co/EZbd7EjGYK

— Luke Gromen (@LukeGromen) October 9, 2023

See also Trump outlines an agenda targeting human trafficking with stricter penalties, coordination, and victim support.

See also China's economy faces its largest financial collapse, with bonds yielding under 2%, banks insolvent. Limited credit demand in China drives bond buying, not QE.

The Israeli Shekel has declined to its lowest value against the U.S. Dollar since January 2016 pic.twitter.com/ToffK8eswh

— Barchart (@Barchart) October 10, 2023