China and Japan – the two main holders of the US Treasury securities – have trimmed their ownership of notes and bonds in August, according to the latest figures from the US Treasury Department, released on Tuesday. China’s holdings of US sovereign debt dropped to $1.
It started like any normal day on campus at the polytechnic college in the Crimean city of Kerch — but it quickly turned into a horror story, drawing somber comparisons to the fateful 1999 Columbine Massacre in Colorado.
Secretary of State Mike Pompeo has arrived in Riyadh with instructions to get to the bottom of a journalist’s disappearance from a Saudi consulate in Istanbul, while an outpouring of leaks from Turkish intelligence seem to point to a case of murder, perhaps orchestrated at an official level.
Russia has rapidly sold off the vast majority of its stash of American debt. Between March and May, Russia’s holdings of US Treasury bonds plummeted by $81 billion, representing 84% of its total US debt holdings.
China’s local governments may have accumulated 40 trillion yuan ($5.8 trillion) of off-balance sheet debt, or even more, suggesting further defaults are in store, according to S&P Global Ratings.