| – Russia has liquidated 85% of its US Treasury holdings in just two months – Russia dumps over $90 billion of Treasuries in April and May as holdings collapse from near $100 billion to just $9 billion – Deepening geo-political tensions between Russia and U.S. and Russian concerns about the dollar lead to selling – Trump administration imposed new sanctions on April 6 on seven of Russia’s richest men and 17 top government officials – Russia continues to accumulate gold bullion and deepening tensions may see this accelerate – Tensions between the U.S. and China are rising and China has been selling Treasuries and this may accelerate if trade wars and currency wars deepen |
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