Japan is on the verge of a $400 billion fire sale of U.S. debt. This could break the back of the Treasury market and devastate Americans’ finances. (www.cnbc.com)

submitted 1 month ago* (last edited 1 month ago) by yogthos@lemmy.ml to c/worldnews@lemmy.ml

21 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] verstra@programming.dev 1 points 1 month ago

Can someone ELI5?

[-] yogthos@lemmy.ml 7 points 1 month ago

Japanese investors hold a large chunk of US bonds. With the yen rallying against the dollar and US rates being high, they're looking to dump their bonds because otherwise they're going to start losing money on them.

[-] verstra@programming.dev 4 points 1 month ago

Oh and the implication is that that could further devalue US bonds. Got ya, thanks.

this post was submitted on 31 Jul 2024

27 points (72.9% liked)

World News

32072 readers

1680 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 4 years ago

MODERATORS

Rumblestiltskin@lemmy.ml

AgreeableLandscape@lemmy.ml

jackmarxist@lemmy.ml

zephyreks@lemmy.ml

OurToothbrush@lemmy.ml