We already know Japan and China were going to dump US treasuries. I indicated in a previous post that China was going to cut more than 60% of its US treasury holdings.
But what I didn't know is that also Russia is dumping its US treasury holdings.
This chart says it all:
Since last year Russia dumped 38% of its US treasury holdings from $176 billion dollars to $110 billion dollars and will likely continue dumping.
What I don't get is how the 10 year US treasury yield is still below 2%... Soon, that will change.