China joins global sell-off of US Treasuries in March as Iran war prompts panic
China has joined a global sell-off of US Treasuries in March, driven by rising tensions due to the Iran war. This move has raised concerns about the stability of the US debt market. Analysts suggest that this trend could have significant implications for global financial markets.
- ▪China's sell-off of US Treasuries is part of a broader trend observed in March.
- ▪The sell-off is largely attributed to escalating tensions related to the Iran war.
- ▪Market analysts are concerned about the potential impact on the US debt market and global financial stability.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.