Discount Rumors Of PBoC US Bond Sales: Michael Pettis
The People's Bank of China's reported liquidation of U.S. government bonds will have only a temporary impact and investors should see any weakening of the U.S. bond market as a buying opportunity, notes Michael Pettis.
Michael Pettis of GlobalSource Partners in his August 28, 2015 report titled: “The PBoC is selling US Treasuries” notes the PBoC is the biggest single holder of U.S. Treasury and agency bonds by far.
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