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00:02Foreign holdings of U.S. treasuries fell by $139 billion in March,
00:08the largest monthly decline since September of 2022,
00:11as China and Japan led a broad sell-off of U.S. sovereign debt, according to Benzinga.
00:17Japan cut its holdings by $48 billion to fund yen interventions.
00:22China reduced its holdings by $41 billion to $652 billion,
00:27the lowest level since September 2008,
00:30bringing its total drawdown to $109 billion, or 14%, since the start of 2025.
00:37The selling has pushed the 30-year Treasury yield to 5.09%,
00:42while the 10-year yield holds at 4.57%.
00:45The Kobisi letter warned that U.S. Treasury markets are growing more volatile,
00:51leaving the market highly dependent on domestic private capital
00:54to absorb expanding U.S. fiscal deficits.
00:57For all things money, visit Benzinga.com.
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