AMERICA’S DEBT GETS UNLOADED
United States currency is considered one of the safest and most stable assets in the world. As such, most countries keep U.S. Treasury bonds in order to ensure that their currency keeps its value. Despite this confidence in U.S. currency, many countries have been selling off U.S. debt in order to get their cash at a better rate than they normally would. The IMF has described global growth as fragile this year, and this massive unloading of U.S. debt is an indication of a global economic slowdown. However, private demand is still extremely high, which allows the United States to pay absurdly low interest rate.