Foreign investors in March got rid of US government bonds for $ 256 billion. Securities were sold by both private investors and central banks around the world, according to statistics from the US Treasury.
The level of sales was unprecedented and unexpected, since in previous crises, for example, in 2008, securities, on the contrary, were in demand. To cope with the problem of public debt and a sharp increase in the budget deficit, the Federal Reserve System (FRS) began to buy bonds on a large scale.
Saudi Arabia sold bonds for $ 25.3 billion, Brazil for 21.5 billion, and India for 21 billion.
Russia has also radically reduced its remaining investment вЂ” from more than $ 10 billion to $ 3.85 billion. I had to take such measures in order to maintain the ruble exchange rate. Since early March, the regulator has sold $ 6.6 billion on the Moscow Exchange. First of all, for the sake of the currency, the Central Bank was selling short-term US bonds.
Of the large US lenders, investments increased only a few, including Japan, Switzerland, France, the Philippines, and Australia. China, the leader in US government debt, has slightly reduced its volume.