from Zero Hedge:
And the bid hits just keep on coming.
While previously we reported the foreigners as an aggregate class sold the most gross US securities ever in the month of June, we also learned that in June the biggest selling came from America’s two largest creditors: China and Japan (excluding the Fed of course, whose P&L losses are now approaching $300 billion in the past 3 months, or would if the Fed marked to anything but unicorns).
In June, the two countries combined sold $42 billion, with each selling over $20 billion: the most in years.
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