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Pandemic Panic Produced Historic, Quarter-Trillion Decline In Foreign Treasury Pile
Foreign holdings of US Treasurys dropped the most in at least two decades during March, the latest TIC data shows.
The drop clocked in at $256.6 billion, bringing total foreign holdings down to $6.81 trillion, from $7.07 trillion in February. Net, foreigners sold $299.35 billion in Treasurys, the transactions table shows. That's a record. In February, by contrast, they bought a net $4.9 billion.
The drop has no precedent - at least not going back to 2000.
One of the more notable stories in
