TIC Consistency in April

By |2017-06-19T19:20:33-04:00June 19th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Chinese officials earlier this month broadcast they were ready to buy US Treasury bonds again. After selling an unknown quantity (there are different figures, none of which exactly agree) over the past few years, the announcement was clearly aimed at China’s exchange rate. Officials have taken to CNY stability as a central focus of official policy, to the detriment even [...]