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Japan is on the verge of a $400 billion fire sale of U.S. debt. This could break the back of the Treasury market and devastate Americans’ finances. (www.cnbc.com)

submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]

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[–] [email protected] 1 points 11 months ago (2 children)

Can someone ELI5?

[–] [email protected] 7 points 11 months ago (1 children)

Japanese investors hold a large chunk of US bonds. With the yen rallying against the dollar and US rates being high, they're looking to dump their bonds because otherwise they're going to start losing money on them.

[–] [email protected] 4 points 11 months ago

Oh and the implication is that that could further devalue US bonds. Got ya, thanks.