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Russia again dumps U.S. Treasuries amid sanctions
Foreigners Buy U.S. Treasuries in May; Russia Drops Out of List, Data Shows
By Gertrude Chavez-Dreyfuss and Richard Leong
Reuters
Tuesday, July 17, 2018
NEW YORK -- Foreigners bought U.S. Treasuries in May, led by private investors, data from the Treasury Department showed on Tuesday, in a safety bid amid geopolitical tensions linked to trade and Italy-related turmoil.
What was also striking from the data was Russia's exclusion from the list of Treasury holders in May, analysts said. Data showed that Russia's holdings already had a massive drop to $48.7 billion in April from $96.1 billion in March. ...
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The biggest mystery, analysts said, was Russia's exclusion from the list of Treasury holders in May after a 50 percent reduction in its holdings in April.
Analysts said Treasury selling could be related to sanctions imposed by the United States on Russia in April, as the latter focused on increasing purchases of gold instead. ...
... For the remainder of the report:
https://www.reuters.com/article/usa-treasury-securities/update-1-foreign...
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