"It Was A Deer In Headlights Moment": Japan Dumps Most US Treasuries Since May 2013
With the December monthly TIC data due out this week, bond traders will be closely watching if the selling of US Treasuries by foreign accounts, and especially central banks, which as we have repeatedly shown for the past several months has hit record levels...
... will persist, with a focus on whether China's near record selling of US paper will persist.
However, this time the surprise may not be China, but its nemesis across the East China Sea, Japan.