Japan’s fire-sale of US debt to stabilize banks could crash Treasury markets.
https://twitter.com/TuurDemeester/status/1813191213136150805
fire-sale
California Pension Crisis: CalSTRS Plans to Borrow $30 Billion to Avoid Asset Fire-sale Amidst Liquidity Strain.
by confoundedinterest17 California is experiencing a pension inferno! One of the biggest public pension plans in the US plans to borrow tens of billions of dollars to maintain liquidity instead of triggering a fire-sale of its assets. Bloomberg reports the roughly $318 billion California State Teachers’ Retirement System (CalSTRS) plans to borrow …