The British outpost that quietly holds more US debt than China

China, which was the largest holder of US government debt as recently as 2019, has cut its holdings to the lowest level since 2008, driven by changing

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#Fed Funds target rate: #eurodollars are pricing 0.50% rate cuts in 2H2023 and 1% of further reductions in 2024, chart @GarfieldR1966