Where to Find Treasury Buyers? Not Asia
The erosion of demand in emerging Asian markets reflects their maturation into more stable economies.
Asian investors are proving less and less eager to buy U.S. government bonds, even as the Treasury Department prepares to sell $1.3 trillion of new debt in the new fiscal year.
Foreigners increased their holdings of Treasurys by $78 billion in the first eight months of this calendar year, according to the Treasury. That is just over half of what they bought in the same period last year.
The full article is available at https://www.wsj.com/articles/where-to-find-treasury-buyers-not-asia-1541422801