China and Japan are rapidly divesting from US treasuries, aligning with an exceptional sell-off in these bonds.

Total US Debt just crossed $33 TRILLION

China and Japan are dumping US treasuries at a record pace

This won’t end well

A thread 🧵 pic.twitter.com/CpJWfb2574

— Game of Trades (@GameofTrades_) October 24, 2023

16/ Interestingly, this rise in insurance purchases coincides with an unprecedented selloff in US Treasury bonds

US Treasury yields have also broken out of their long-term downtrend, indicating a shift in the economy and the financial markets pic.twitter.com/JXfGAVB4La

— Game of Trades (@GameofTrades_) October 24, 2023

Here’s a record you don’t want to break!

U.S interest payments on debt just hit all-time high.

YTD (end of August):

– Interest on debt: $633B
– Spending on Defense: $659B

Nothing to see here. https://t.co/PcbgppybcO

— Genevieve Roch-Decter, CFA (@GRDecter) October 24, 2023