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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)

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☆ Yσɠƚԋσʂ ☆@lemmy.ml
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verstra@programming.dev
1 point

Can someone ELI5?

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☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
7 points

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.

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verstra@programming.dev
4 points

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

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