Facts you gotta know: what behind the sell-off

Foreign central banks have sold $48 billion in U.S. Treasuries since late July… $32 billion in the last two weeks alone.

Coincidentally, the Chinese are in the early stages of launching a $300 billion sovereign wealth fund. What better way to raise money than selling the debt of a nation in a period of economic instability. Hmmn. Before this wave of sell-offs, China held about $900 billion in U.S. Treasuries.

The public won’t know which country has been selling its U.S. government debt until the Treasury Department releases TIC data in November.